The Good News Catalogue (Pt. 5): Three Pieces of Positive News That’ll Give You the Zoomies

TL;DR

• ETH hit $3k for the primary time in two years

• BTC merchants are avoiding taking massive brief positions

• MetaMask is nearing its all-time-high of month-to-month lively customers.

Full Story

Man this feels good!

In the direction of the tip of final 12 months, we needed to begin bunching information tales collectively into lists, trigger there was simply an excessive amount of excellent news breaking directly.

Sadly, the cadence was usually few and much between (it’d occur as soon as each couple of months, at greatest).

Now, right here we’re, working ‘The Good Information Catalogue’ for the second time in six days! Not unhealthy. Not unhealthy in any respect.

Right here’s what’s happening:

1. Ethereum hit $3k for the primary time in two years!

   These narratives we spoke about yesterday — those surrounding a possible ETH ETF and the elevated provide burn? They’re kicking in!

2. Bitcoin merchants are avoiding taking massive brief positions

   (Brief positions = bets that BTC goes to go down in value).

   A complete bunch of individuals which are manner smarter than us are avoiding betting in opposition to Bitcoin? That’s signal for value appreciation!

3. MetaMask is nearing its all-time-high of month-to-month lively customers.

   The MetaMask pockets is the world’s hottest Ethereum pockets/most individuals’s chosen gateway to Web3.

   Extra use = extra demand for ETH tokens = greater costs throughout the Ethereum ecosystem.

Who’s recreation for a working chest bump??