In this week's episode of the Block Exploring Podcast, Tommy (@sabaisquared) and Elias (@otokocrypto) discuss the state of the market. Bitcoin is looking ready to break out again. Ethereum reached all-time highs, Polkadot is up 15%, BNB is up, and Cardano is dropping. A lot of ETH competitors are doing very well.
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Ethereum faces its first week as a deflationary coin. What does this mean for you, and what does this mean for the future of ETH? What is 'sound money', and what is not?
We get into this by comparing it to the token by the ticker $SQUID, which lost investors a lot of money. Prices dropped from over 2k down to 0. How do you spot these kinds of rug pulls in order to avoid them?
A lot of important discussions are to be had about this. What do you think the sound money looks like?
Let us know your ideas on this in the comment section!
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DISCLAIMER: This podcast is not financial advice