Viral pump, CBDC, and Post-airdrop survival

There's no nice way to say it, the crypto market is a bubble. I mean, when you think about the level of Fomo that guides trading, it certainly has to make you wonder.

I've talked to people on numerous occasions that discussed their reason for buying a token or coin and it's usually because "it is pumping".

Personally, I like to avoid doing that but it seems to be the way of the land. In recent times, there have been unexplainable pumps for meme coins and other useless assets but the recent pump of Omicron has to top the list of dumb pumps.

The story is that Omicron, a token that's on Ethereum and is also a fork of the OlympusDao Defi platform got major love in the market. The reason behind this pump? COVID.

Yeah COVID has been the reason behind many dumps and economic crises but now we have it leading to pumps.

The word is that there's a new strain of the COVID virus and it bears the same name with Omicron token. So it's a coincidence but honestly, I don't get it.

Okay, let's assume that the Omicron token was actually connected to the virus, why the hell are people buying a virus? It makes no sense.

The crypto market and trading activities in the market seem to be still a tad bit juvenile in their dealings. I mean how can you explain an asset going 900% pump in a matter of hours simply because it bears the same name with a new strain of COVID?

Also, what the hell is going on with COVID? Why or how are we getting new strains? I don't understand the science behind it tbh and it's really frightening sometimes.

Money is money

The Omicron token and strain might be new gist but there's still the little matter of CBDCs that are on the way.

CBDCs pose a threat to the stable coin market. In fact, based on the fact that they can theoretically be printed till infinity, it's possible for them to pretty much absorb the entire stable coin market.

There are a number of stable coins but they all come with one controversy or the other. Even Hive's own HBD, though it has been relatively close to $1 in recent times, can't seem to be completely stable.

If CBDCs continue to gain popularity and then find their way into exchanges, there will be a reckoning to pay. One of which is that the government has us by the balls once again.

The evolutionary trend of money has seen it move from using a weight-based system for metals to digital assets in our computer screen. Stable coins and crypto are the next level, and the only way to get there is to make a concerted push towards the future we desire.

When the airdrop ends

Yesterday, I whimsically dropped a tweet about the possibility of DEC rising to $1 and taking the total market cap to $1.75 Billion. Unlikely as it may seem, this would be a dream for me.

Some of my Twitter friends highlighted how that might be unlikely, while others expressed excitement at the thought. In midst of that, someone also pointed out a rather scary opinion about Splinterlands and that's something that I have also thought about.

Without naming the contact, the person stated that there's a high chance that everything will plummet at the end of the airdrop. The airdrop I'm talking about is the SPS airdrop.

Let's face it, the airdrop is the reason why monsters and tokens on Splinterlands have pumped to where they are today. If nothing comes up to keep the pressure on the market, it's very likely that everything will just go right back down to where it used to be.

It may or may not happen, so it's important for me, especially considering my situation, to ensure that I stack enough stables for my future plans and survival.

Living off of crypto means that these situations affect my quality of life. So, if you're like me, then I advise you to stay frosty, look watch the market, and ensure you're taking care of your best interest.

Contact & Support

• Discord: belemo#9593
• Twitter: https://twitter.com/belemo__
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