Best Twitter threads of the day – August 30th

1/5

A huge new indicator has just flashed up that hasn’t existed before.

There is now a huge discrepancy between the stock market and crypto total market capitalisation.

It used to be 1:20 with $3T to $60T, but now it’s 1:100 with $1T to $100T. pic.twitter.com/d5hl0nE256

— James Bull (@MariusCrypt0) August 30, 2022

2/5

This leads to an interesting thought experiment.

Now that stock markets are almost at all-time-highs again, there’s little incentive for stock market holders to keep on holding very expensive stocks & a much bigger incentive to invest in smaller assets, such as…crypto.

— James Bull (@MariusCrypt0) August 30, 2022

3/5

So, the question is not anymore, will people invest in risk-on assets, because stocks currently have more risk than cryptos again.

The question now instead is the following:

— James Bull (@MariusCrypt0) August 30, 2022

4/5

Do you believe 1% of stock owners will cash out their holdings, which are now at ATH of $100T in total & put them into the $1T crypto markets? Then the total crypto market capitalisation would 10x.

Or do you believe it’s only 0.5%? Then the total crypto market cap would 5x.

— James Bull (@MariusCrypt0) August 30, 2022

5/5

Why would those 2 market caps correlate though?

Well, you know stock owners are very often crypto traders as well, so they treat stocks and their Bitcoin that can 3x at max and drop by 50% the same and now the question is only if 1% of those move more into altcoins.

— James Bull (@MariusCrypt0) August 30, 2022

Here's what went down in the cryptoverse last week.
(Ending 28 Aug 2022)

A Thread [1/7] #Crypto #News #Blockchain #Bitcoin

— Mudrex – Smart Crypto Investing (@officialmudrex) August 30, 2022

[2/7] @sandeepnailwal's crypto VC firm raises a $50 million fund for pioneering Web3

The fund will be focusing on “pioneering web3 applications.” The VC firm, launched in May, was founded by #Polygon founder Sandeep Nailwal and Cere Network founder Kenzi Wang.

— Mudrex – Smart Crypto Investing (@officialmudrex) August 30, 2022

[3/7] FED Chairman's speech disturbs the consolidation phase as #BTC drops below $20,000

Macroeconomic factors continued to trouble the cryptocurrency market. The Federal Reserve Chairman's speech made BTC drop below the $20,000 mark over the weekend.

— Mudrex – Smart Crypto Investing (@officialmudrex) August 30, 2022

[4/7] Famous candy brand, Mars, to launch an NFT-inspired candy

Mars Wrigley Global VP, stated: "Consumers' expectations for what they want from their favorite brands [have] shifted, and at Mars, we know we need to be more innovative than ever.

— Mudrex – Smart Crypto Investing (@officialmudrex) August 30, 2022

[5/7] Coin of the week

Bitcoin: $BTC

With Bitcoin prices hovering around the $20,000 mark and the market remaining range-bound, it seems to be a good time to invest in the crypto that has emerged as a store of value over the years.

— Mudrex – Smart Crypto Investing (@officialmudrex) August 30, 2022

[6/7] Other Highlights:

– @SnoopDogg & Eminem to Perform @BoredApeYC Track at MTV’s Video Music Awards

– Overshadowed by Ethereum's 'Merge', Cardano's Hard Fork is approaching soon.

– Reddit Is Airdropping Free Polygon NFT Avatars to Its Most Hardcore Users.

— Mudrex – Smart Crypto Investing (@officialmudrex) August 30, 2022

after analyzing 60+ games and services, we found 200 000 bots. on average, every web3 game has 40% bots.

link to the database with the results at the end of a thread pic.twitter.com/vvvuhgeRLV

— Levan (@LevanKvirkvelia) August 29, 2022

we detect bots and multi-accounts by linking wallets belonging to the same person

we take a list of token holders, put them on a graph, and link wallets using our algorithm. The result is more like a petri dish! See the colored clusters? these are bots at @Era7_official pic.twitter.com/vzEmzgtAge

— Levan (@LevanKvirkvelia) August 29, 2022

here is a @tinyworldgamefi graph. it's a Top-3 game on @BNBCHAIN with 35k MAU

70% bots pic.twitter.com/pZypIKCM1H

— Levan (@LevanKvirkvelia) August 29, 2022

bots are not only in games! all services with a profit are flooded with bots.

here is a @MOBOX_Official graph.

– Top-2 gamefi platform on @binance
– 39k MAU
– 55% of bots pic.twitter.com/d1SnNBHB3J

— Levan (@LevanKvirkvelia) August 29, 2022

bots are everywhere! just everywhere!
here is @Biswap_Dex token graph. they introduced a referral program and voila! 13k bots.

the funny thing is that we found this token by analyzing it randomly and only then realized why the bots were there. pic.twitter.com/jlegTczwdb

— Levan (@LevanKvirkvelia) August 29, 2022

@AnRKeyX 84% of bots@ArivaCoin 87% of bots@Lovely_finance 28% of bots@RadioCacaNFT 23% of bots@SeedifyFund 49% of bots@SensparkMeta 34% of bots @coin98_wallet 69% of bots@cryptovoxels 65% of bots@binary_x 42% of bots@BombCryptoGame 42% of bots@Lovely_finance 28% of bots

— Levan (@LevanKvirkvelia) August 29, 2022

@PositionEx 26% of bots@chainoflegends 39% of bots@ninnekogame 54% of bots

— Levan (@LevanKvirkvelia) August 29, 2022

@decentralgames 64% of bots @fightoftheages 41%@nftbmarket 38%@seascapenetwork (PolyCrowns) 52%

— Levan (@LevanKvirkvelia) August 29, 2022