I wanted to share with you this chart. It shocked how quickly one protocol and overtake another and leave it in the dust...

MKR/AAVE (Maker vs Aave)



If you're up 5, 10, 20, 100, 1000x on these tokens, be sure to take profits before the next better protocol arrives 

In 2020 everything changed. In 2021 everything is changing. By 2022, everything will be different.

It looks like 2021 will be an exciting year for Ethereum. From the 30x growth in decentralized finaince locked market cap, to CME futures lunch next week as well as beaconchain's launch in December last year and 2.0 to follow suit, it looks like there is still plenty to come from the largest and most used blockchain platform.

What excites you the most about Ethereum this year and why ?

Welcome to the biggest DEX poll ever thread !

2020 saw the popularity and growth of decentralized exchanges, from Uniswap taking the center stage with currently around a third of the market share of volume. Only a year or so ago the likes of IDEX were one of the most popular DEX's, now only to be rank 34 among a competitive industry of 43 DEX's listed, while the leading exchange is ranked 14 overall among both centralized & decentralized exchange rankings.

The space has evolved considerably, even since December last year when Uniswap had dominated the decentralized exchange market with an incredibly 96% of total volume. Now fortunately they remain with a listed 43% on DEX Tracker and 38% market share from CMC.

I've been thinking lately why I've been buying a lot of altcoins this week and not last month, or a few months ago, or a few years ago even. Then I realised the natural cycle of events that appear to be occurring in the market. I've been waiting to invest in more altcoins, but am doing so with Ethereum.

Late last year, everyone wanted to buy up Bitcoin, as it went from $10K to $20K as well as beyond. After passing $20K, we saw Bitcoin's market dominance drop from over 70% to now around 60%, despite the price being back at $40K. While Ethereum dominance has increased dramatically.

Shortly after, next month in January (last month), Ethereum reaches it's all time high as the largest altcoin in the market. Today, we are seeing what appears to be the first signs of Ethereum losing dominance against speculative altcoins (although as well as Bitcoin today admittedly).

There are those who bought up altcoins with fiat last year, as they bought themselves Bitcoin, even if initially they were to lose a lot of BTC/ETH value, they would remain good investments for the future (if done on solid projects). Some of these are still down, but at new ATH against fiat at least.

Last month was when Bitcoiners were selling their coins for altcoins that were at enormous discounts against BTC (80-90%), the same tokens that had held their value against the dollar or even gone up 2-4x. Because one persons take profit level is another's buy entry it seems.

This month, after Ethereum's impressive rally from $500 to new ATH at $1,763, there are tokens that are looking very cheap against Ether or breaking out to new ATH, despite already doing so against BTC last month and some time ago against the dollar. Anywhere between 2-4x it seems.

The idea that altcoins can be cheap and discounts against Bitcoin and Ethereum (50-75% still), whilst at premiums against the dollar (100-200%), is exactly why these altseasons occur. There are still more investors who want to buy in as they see the potential from the different investment angle. The final ingredient for an explosive altseason is the increased speculation from traders from other sectors joining in.

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The best way to illustrate part 3, would be the following chart. Note how speculative altcoins lost 58% of their dominance to Ethereum since July last year.

While it may seem like altcoins are over-extending against Bitcoin (possible they are), to see they are still down 48% against Ether:



Don't be scared to buy the high against fiat, if you're buying the low with ethereum 

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TL:DR

1. The coins hold their value from stable dollar buying/selling or get pumped by fiat currencies by new money (while they generally lose Bitcoin value)
2. Bitcoiners diversify into speculative altcoins for the satoshi gains (while they generally hold or continue to lose Ethereum value)
3. Ethereum hodlers diversify into speculative altcoins for ether gains (finally outperforming both BTC & ETH, regaining their dominance)
4. Traders push the price higher, newbie traders from other sectors join in
5. The bubble inflates as retail throw more fiat currencies in

Compared to the Bitcoin google trends that has begun to decline slightly, interest in crypto & cryptocurrency continues to rise this year:



Also unlike Bitcoin's google search interest, Ethereum reached an all time high at the start of the year compared to previous 2017 top.
Interest in searching for "crypto" is now at 71% and close to reaching all time highs as well:



Is this a sign that altseason is coming? Bitcoin dominance will fall lower and Ethereum and altcoins will continue out-pacing the no.1 crypto?

What might be more interesting than the new Most Online ATH (currently 3,792) is the number of users registering per month since November 2020.

The total as of posting is currently 77,117. However only two months ago it was 55,669.

This represents an inrease of 21,448 (+38.5%) which is huge!

To put this into context:

• By November 2020 an average of 1,504 users had joined per month (over the past 37 months since October 2017).
• In December 2020 and January 2021, 21,448 new users joined, representing an average of 10,724 per month.
• This represents an increase of 600% from the average number of registrations per month (1,504 upto 10,724).
• The average new registrations per month is therefore now 1,977, in itself an increase of 31.5%.
• This probably explains the increase from 2.9K Most Online ATH to 3.7K, an increase of 27%.

Altseason 2021 incoming?

Ethereum just closed yesterday's day of trading before heading into the weekend just below $1,400, a few dollars away from it's previous highest close of 2021, as well as few dollars before it's 2017 all time high. While Bitcoin move sideways, Ethereum continues to make records. It's difficult not to feel very bullish right now on Ether.



Also to note, Ethereum against Bitcoin reached the highest price today since August 2018 
Looking at the ETH/BTC chart, it's difficult too not see the enormous upside potential 

While still registering extreme greed, this index shows that greed as dropped from the highs of 95 to 78 on January 13th as well as today.

Since mid November last year greed has been above 85, but now looks like may leave the greedy levels for the time being.

What do you think, will greed over crypto return soon or will there be a fearful period or return to the norm?