I’ve been asked recently why I’m going so hard on prediction marketsIt’s the same thesis as why I went down hard on Solana during 2021 - 2022.I see an opportunity for a tech stack to disrupt retail and make the entire application layer seem less.Solana was the best chain for retail adoption and you had apps that made the crypto aspect obscure and unknown to the user layer (Step’n)It also provided the best user experience out of all crypto chains.Now prediction markets during this place and time where hyper ...

RT notawizard (@0xDoing)the kanye launch showed once again that solana is the best place to launch a coin for massive retail adoptionthis scale would break almost any other chain, while their protocol, infra providers and frontends scaled smoothlywe're ready for internet capital markets ...

Market Overview & Potential - The crypto market, currently at $365% trillion, is perceived as just the beginning, consolidating around all-time highs [2][3] - Industry anticipates significant upward movement in altcoins, contingent on Bitcoin's performance and dominance [3][5] - Retail interest in crypto remains low, despite Bitcoin reaching new highs, suggesting potential for future growth when retail participation increases [16][17] Bitcoin Analysis - Bitcoin's price increase and liquidity are crucial for the growth of Ethereum and altcoins [5] - Bitcoin balances on exchanges are decreasing, potentially leading to a supply shock due to institutional adoption and ETF purchases [22][23] - Bitwise reports total Bitcoin holdings of 847,000, representing 403% of the total 21 million Bitcoin supply, with a total value of $91 billion [24] Ethereum Insights - Ethereum is approaching a critical point, needing to surpass $3,000 to signal a shift towards $4,000 and retest all-time highs [8] - Ethereum exchange reserves are also dropping, indicating surging buying demand alongside enterprise and institutional adoption [9] XRP Analysis - XRP is showing bullish signs, with potential for significant price movement, driven by institutional adoption and involvement in government initiatives [11][12] - XRP's market value has reached a 7-week high, crossing above $239%, with whales accumulating XRP, holding 4732% billion XRP [19][20] - XRP dominance is starting to break out of a downtrend, with targets of 6% to 8% and 11% to 143% against Bitcoin [27] Supply Shock & Adoption - A potential Bitcoin supply shock could significantly boost altcoins, including XRP, as institutional players and ETFs drive demand [26][29] - Banks are showing interest in holding crypto assets, further diminishing supply and potentially leading to a supply shock [29][30] - Industry projects that if crypto market hits $5 to $7 trillion, XRP could reach $440 to $612 at 5% dominance, or $1050 to $1477 at 12% dominance [33]