Start of a new work week. Crypto rally is coming?

First day of the week was very productive. I was able to resolve the issue we had not been able to resolve for a while. And today I finally got some focus time and just dedicated it to chasing the problem down. And by five in the evening I had it resolved.

Tomorrow I have a few more things to resolve, but after that I will be able to fo some architecture work. And work on converting our MVC solution to headless CMS and React.

After work we went for a small walk with my wife and I got mail. In the mail came property tax bill and some paperwork for insurance. Nothing exciting, all stuff to take care of.

We spent our evening together with our daughter watching an old 1984 movie Gremlins. It is classified as comedy and horror. But it was really funny for our daughter, she really enjoyed it. It was directed by Steven Spielberg and had some good actors in it, but it still feels really dated. It was fun to watch and we really enjoyed it.

Splinterlands season is coming to an end and the new week of Fortune Draws is under way. Today I see Splinterlands SPS rental market have unfulfilled requests for SPS.

I have not seen that in a while. The price is still at the lowest level, but at least they demand is back. SPS also seems to be up slightly, perhaps some players are buying it to shore up their staked SPS.

Crypto market also seems to be doing better, Bitcoin is off it's recent lows and Etherium is over four thousand again. We might be close to another run for Etherium and altcoins.

The charts look like they are forming bullish continuation patterns and we may have some good news coming up. Government shutdown is bound to be resolved sooner or later and federal reserve is going to cut rates pretty soon.

These good news might trigger a rally in risk on assets. We had enough consolidation and people are not very bullish and that is a perfect setup for a rally.

The rotation into risk on assets might also trigger a rotation out of gold and other precious metals. Considering the size of precious metals market that is quite a bit of fuel to cause a major rally in crypto if some of that capital rotates into crypto.

This time I think that we will have an extended cycle. Institutional adoption is here and Etherium is going to be the next big play for the Institutional investors.

The technological changes that are happening are not going to happen on Bitcoin, they need smart contracts and Etherium is the only large enough chain to build on. Additionally, Etherium is the only crypto with multiple ETF funds besides bitcoin.

I will make a guess that Etherium can five times from these prices to over twenty thousand per coin at the top of this cycle.

Other major chains like Solana could see big money inflows as well and rising tides will lift all boats, but unfortunately I don't see Hive keeping up with altcoins listed on major exchanges. And that is because retail investors will not figure out the Decentralized exchanges. They will buy what is listed on Coinbase and other exchanges that are easy to sign up for.

The only hope I have is that Hive is now on Base and Coinbase is going to push Base chain pretty hard.

Additionally, Splinterlands just put out a pretty proposal to create a liquidity pool for USDC and Hive. I have voted for it and last I checked it was pasing.
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