Twetch ·
With Sammie Fries gone…
Time to make some assumptions about what the remaining players will fix… errr LIKE… now.
Back when I was just a wee child in equities, any CEO trading his own shares would've been massively frowned-upon; in fact, there's strict rules about how and when a CEO can do that (Read the Erie Railroad chapter in Josephson's "Robber Barons" this Xmas for historical precedent of what took place before the rules were established). Does CZ and Tether-bros share this distaste for meddling in their own stock? From the internal look on Sammie Fries, I think we can successfully arrive at a strong guess.
In this picture, we see, one day after mayhem in cryptoMarkets, what is rising:
BNB: no surprise there, survivor.
Unus Sed Leo: same as above, Tether/BitFinex lives
Litecoin: Weird one. Someone actually likes this loser-token? Why??
Solana: Maybe CZ and Tether buy into this one. They have to buy into SOMETHING, as btc and eth certainly don't work, Ripple is weird and in constant court battle, and everyone seems to avoid Cardano, and Doge and Shiba are clown-tokens. Tron is a soon-to-be-enemy, as is Uniswap.
Polygon and Polkadot are the Ether-dweeb tokens, and while that might seem like a good thing, tokens like FLOW and ALTOS have proved that dweeb-tokens not approved by the big-wigs who move prices don't do very well over time.
Conclustion?
Mine is that maybe these chaps who runs things like #ltc and/or Solana as believable stories? Avalanche seems destined for drop-ville, similar to FLOW. Was there ever a reason to like it? Other than the old "Emin is an Ivy League professor and was early in Ethereum" elevator-pitch?
You tell me, I don't follow the shitcoins beyond identification of POS (deal breaker).