I'm noticing the trend of BLURT losing ground to HIVE may have ended.
As you can see, the last few days have looked greener than anything for quite a while. We haven't regained much of the ground lost, but we might be on the right track.
After gaining for 18+ months straight, BLURT finally took a hit a few weeks ago when Probit finished delisting it and most trading moved to Hive-Engine. Here are the previous 6 months price action, at the peak:
The decline since then might be over. HIVE has really benefited (for example, it has remained above the 10 cent support level) by BLURT's misfortune lately. If that's over, BLURT can resume kicking ass.
BLURT gaining against HIVE is great. But what would REALLY be nice is if it can also gain against fiat currency. In other words, it would be nice if we the tokens we earn on this blockchain could someday be used to pay for things in our real lives, like food. Because a guy can earn a million tokens, but what good does it do him if they're not worth anything?
There was no traditional "altseason" this year, as there was in 2013, 2017, and 2021. Most altcoins are simply moving along with the overall market. So if BTC recovers, so will many other cryptos. And I see it's popping up to 94k tonight. Maybe the start of a recovery, who knows. I was kind of thinking it would hit 75k first, but maybe 80 is the bottom for now.
Some are saying "there's no 4 year cycle anymore". If that's true, maybe the bear market of 2026 isn't going to be as dramatic as that of 2022 or 2018? Maybe most of the pain is already over?
Maybe the good times are just around the corner.
DRutter
That is my belief as well. There is an additional feeling about the crypto markets that may follow that thought...
Back in the dot com boon there were countless search engines. So many that a client hired me to write a Common Gateway Interface that would allow a customer to submit their site's url and the program would then submit it to a wide array of search engines out there. Of course we all know what eventually happened. Google. We have a couple of old die hards like Yahoo, yet even DuckDuckGo uses Google while getting a raw search without any tailoring due to the user.
My feeling is the same will be happening to crypto. Perhaps not as drastic as search engines, yet ETH can do many things that a plethora of other coins attempt to do for example. My feeling is that alts will be reduced to a handful of coins of any real value. Others that continue to exist will be for their utilitarian aspects.