QuoinVault

Crypto moves FAST. More smart contract transactions are being processed on Polygon than on Ethereum and Binance Smart Chain. I've had (Polygon's token) laying around for awhile and I put some to work on crypto lending platform Aave which is now earning like 21% APR....fees are crazy low compated to . (Fees everywhere are crazy low compared to Ethereum 🤣.)

I think the future of smart contracts is gonna be multi-platform (albeit I *think* will be the leading platform).

To be fair it's a little misleading to compare Polygon and Ethereum because Polygon is a sidechain to Ethereum (a place to process a bunch of transactions which are then communicated to the Ethereum mainnet together in an effort to decongest the mainnet. But it still shows that is bigger than just ETH.

The success of Polygon is actually bullish for ETH because it shows real progress twd decongesting Ethereum and bringing fees down.

So things drastically turned around yesterday and now a lot of coins and tokens are up by massive amounts...50-100% in some cases.

Every time after a massive bull market like the one we just went through (or are still in), looking back, the appreciation always looks so insane. We're talking appreciation of many times for both and ETH since last year, not to mention astronomical increases in mcaps that, for the most part, isn't justifiable on fundamentals or even potential future fundamentals ( being an arguable exception....maybe).

Speculation is out of control. It reminds me of the tech bubble in the late 90s. People just threw their money into anything with .com in the name. Revenue, monetization, and business model not needed. And it blew up spectacularly.

This truth is self-evident: anyone who tries to tell you with strong or complete confidence that they know what will happen in the is full of 💩.

The futures market suggests that this crash may not be over. Even if we've had a very strong turnaround, momentum traders who correctly timed the bottom are going to sell to capture their very nice returns👀👀👀 if they sense the market moving away from them. They're swing traders after all, not investors.