TL;DR
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ETH hit $3k for the first time in two years
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BTC traders are avoiding taking large short positions
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MetaMask is nearing its all-time-high of monthly active users.
Full Story
Man this feels good!
Towards the end of last year, we had to start bunching news stories together into lists, cause there was just too much good news breaking at once.
Unfortunately, the cadence was often few and far between (it’d happen once every couple of months, at best).
Now, here we are, running ‘The Good News Catalogue’ for the second time in six days! Not bad. Not bad at all.
Here’s what’s going on:
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Ethereum hit $3k for the first time in two years!
Those narratives we spoke about yesterday — the ones surrounding a potential ETH ETF and the increased supply burn? They’re kicking in!
-
Bitcoin traders are avoiding taking large short positions
(Short positions = bets that BTC is going to go down in price).
A whole bunch of people that are way smarter than us are avoiding betting against Bitcoin? That’s a good sign for price appreciation!
-
MetaMask is nearing its all-time-high of monthly active users.
The MetaMask wallet is the world’s most popular Ethereum wallet/most people’s chosen gateway to Web3.
More use = more demand for ETH tokens = higher prices across the Ethereum ecosystem.
Who’s game for a running chest bump??
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