The Ronaldo Effect

26/01/2024 5 min

Listen "The Ronaldo Effect"

Episode Synopsis

Today on RARE BITS we discussed the rollercoaster ride of greed and fear sentiment in the markets, with cryptocurrency search heat on Virtual Versions. We covered the latest trends in NFT trade volume across Ethereum and Solana as Bitcoin dominance holds steady.
Key topics included:

Are recent market sell-offs just an unwinding of high expectations?
If Bitcoin drops below $35k, it may be time to go all in on Dogwifhat

We also highlighted innovative NFT utility with Cristiano Ronaldo offering live training sessions to NFT holders. This could play a huge role in mainstream adoption. Meanwhile, meme coin competition is heating up with Dogwifhat getting listed on major exchanges as Bonk takes a hit.
The key takeaway - utility will define NFTs. Just look at the Ronaldo effect for inspiration on what's possible. Polygon matching Ethereum in new user growth reinforces the sleeping giant status of layer 2 solutions. Exciting times ahead!