Bankless ROLLUP: Why Solana is Down Bad | Avi Arrested | MicroStrategy Purchases $41M Bitcoin | Gemini Sued Over Gemini Earn
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Dec 30, 2022 The hosts dive deep into the recent struggles of Solana and its plummeting market position, sparking mixed reactions from the community. They discuss MicroStrategy's bold Bitcoin purchase, which adds fuel to the ongoing speculation around crypto investment. Legal troubles for Gemini over the Gemini Earn program come into play, highlighting the challenges facing exchanges. The episode also touches on market volatility and the rising trends in NFTs, while reflecting on the shifting landscape of decentralized finance and layer two solutions.
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ETH vs. BTC Performance
- Ether is down less from its all-time high than Bitcoin.
- This is unusual compared to the last cycle.
Long-Term Crypto Trend
- Most crypto assets, including Bitcoin and Ether, have historically gone up over time.
- Yearly charts demonstrate this long-term upward trend.
Log vs. Linear Charts
- Logarithmic charts provide a smoother view of long-term price action than linear charts.
- Traders often use both for different purposes.