But wait… there’s a pesky little thing called the four-year cycle that might beg to differ. Crypto analysts, in a rare act of skepticism, are telling CryptoMoon that this market might not be as solid as Bailey envisions. Shocking, right? 😱
Major Resistance Level – The price of champagne if this works: $4,820
With one of the highest participation rates in its history, the Stargate (STG) DAO approved the acquisition on with a 95% majority vote. Over 7.5 million veSTG tokens were cast by more than 15,000 addresses. As part of the agreement, the DAO was shut down, and governance will be moved to the LayerZero (ZRO) ecosystem.
At press time, XRP is clinging to life around $3.03-$3.07. That’s right, folks-it’s still breathing after some serious market turbulence. Sure, it retreated from its July highs near $3.65, but guess what? The $3 mark has held strong like an overprotective parent. Daily turnover? A whopping $6 billion! It seems institutions are throwing money at this thing faster than you can say “crypto chaos.” 💸
Bitcoin (BTC) went up by a whopping… wait for it… 0.17% in the last day. I mean, hold onto your hats, folks. This is the kind of action that gets people calling their brokers! Or maybe not. 🙄
Daily transaction fees, once the blood and sweat of miners, now barely register-3.5 BTC, whispers Glassnode, as if gossiping over stale tea.
The streets are abuzz not with revolution, but with the echoes of Powell’s Jackson Hole sermon, hinting at merciful rate cuts, surely to save us from our own foolish optimism. “Policy adjustments,” he muses. It’s enough to make a speculator swoon or sob, depending on his last buy-in.
At the beginning of the year, Ethereum (ETH) was trading at a measly 0.036 BTC per coin. By April and May, it had plummeted to 0.019 BTC, but it’s since soared to 0.042 BTC. 2025 has been a slow burn for ETH, with its momentum taking a bit longer to kick in, but several magical factors have fueled its recent ascent. Top of the list is the vanishing act of ETH on exchanges-levels not seen since the dark ages of July 2016.
And who wouldn’t listen to an ‘insight’ from a heavyweight crypto fortune teller like Eric Trump? It’s like watching a tiny shrimp perform quantum physics – bewildering yet intriguing. At some Wyoming Blockchain Symposium event (probably located inside a volcano, we suspect), Trump prognosticated that Bitcoin might skyrocket beyond $175K by December, before taking a joyride to over $1M in a couple of galactic rotations. “There’s no question!” he declared with the confidence of a man who believes he’s seen a flying spaghetti monster.
On the 24th of August, the daily chart reveals a tale of woe. A double top near $124,000-a folly of hubris-and a breakdown below $117,000, the sacred support now a tomb for bullish dreams. The rebound from $111,658, once a savior, now falters like a drunkard’s last attempt to stand. Volume, that fickle friend, betrays the bulls with red candles roaring like a bear’s growl. Traders, dear souls, take heed: $117,000 is your Promised Land, and $111,658, the abyss. 🐻❄️
For months, the crypto cognoscenti have bickered like schoolboys over a marbles tournament, debating the likelihood of an altseason. Some, with the optimism of a first-time investor, declared it an impossibility, citing the bloated volumes of altcoins over the past four years. Others, more cunning or perhaps merely more deluded, insisted on a selective renaissance, predicated on the trifecta of community, market capitalization, and utility. A delightful farce, no doubt, but one that Egrag Crypto now claims to have resolved with the precision of a Swiss watchmaker.
