Greetings crypto-fam let's dive in. First, the big news that everyone’s talking about, Chainlink’s market value has surpassed the New York Times, leading to discussions about whether traditional journalism dead and losing its value compared to decentralized technology. A poll on Twitter showed 661 votes for “media is dead” and only 170 for “buy the New York Times dip,” indicating that many in the crypto community believe projects like Chainlink, which provide real utility, are more valuable than traditional media. This shift shows that investors are prioritizing innovative technology over older industries. For traders, this suggests focusing on projects that have practical uses, as that’s where the money seems to be going.
Next, the altcoin scene. Some of these are facing serious problems. A token called BEATS, which is related to music and built on the Base chain, was criticized for losing 93% of its value since its peak, with poor economic design that suggests it might be a scam. Its koala artwork may look nice, but its performance is very concerning. Another token, GHIBLI, was quickly dismissed by the community as not worth considering. However, not all altcoins are struggling, Chainlink, for instance, has a strong “hype value” of 15.12, according to Macroaxis, showing that altcoins with real purposes can still grow significantly. For traders, the lesson is to research carefully, if a token doesn’t have a clear purpose, it’s not worth your investment. In the future, I expect altcoins will either succeed or fail based on their usefulness, so focus on ones like Chainlink that solve real problems.
Finally, let’s check on Bitcoin, which is currently floating around $85k, down slightly in the last 24 hours. Its total market value is 1.68 trillion USD, and although it’s staying in the middle of its price range, experts describe it as “very positive,” with a potential to reach $88K if it goes above $85.8K. However, if global political issues arise, it could drop to $81.8K or even $76K. On a more practical note, a large grocery chain called Spar has started accepting Bitcoin payments in a Swiss city, as reported by Cointelegraph, showing that Bitcoin is being used for everyday purchases. For traders, this stability means you can feel confident holding Bitcoin, but it’s wise to have some extra funds ready in case its price jumps to new highs. For the broader crypto world, Bitcoin’s steady presence supports the growth of altcoins like Chainlink, but it also reminds us that when Bitcoin’s price moves, it affects the entire market.
Sowhatthewhatis? Chainlink’s success, the exposure of altcoin scams, and Bitcoin’s consistent performance highlight that the market is driven by utility, excitement, and stability. Spread your investments across different types of projects, consider tokens like Chainlink for growth, avoid risky ones like BEATS, and keep Bitcoin as a reliable foundation. The market will likely remain unpredictable, but by being CryptoCurious, you can navigate it successfully.
