Ethereum’s Dominance Slips, Bitcoin Eyes $1M, and Are Memecoins Forever?

What's good, DegenDen?

Today's serving: Ethereum’s reign over crypto might be fading as layer-1 competitors surge ahead.

Meanwhile, Bitcoin volatility has plummeted to historic lows, prompting bold predictions (anyone feeling $1M BTC?).

Plus, love 'em or hate 'em, memecoins are bouncing back from the dead.

Ready to roll? Let’s dive in.

THE RUNDOWN

🔸 Ethereum No Longer Queen:
Ethereum once dominated DeFi, but now controls just 51% of all value locked down from 96%. Solana's lightning speed is attracting users and devs in droves. Is ETH’s dominance over?

🔸 Bitcoin's Volatility Hits Rock Bottom:
BTC’s volatility is at a 563-day low. Arthur Hayes sees BTC hitting $1M by 2028, driven by institutional money printing. Ready for a calm, confident, climb?

🔸 Memecoins Forever?
Despite crashes and skepticism, memecoins have reclaimed 25% of crypto’s trading volume. Some call them gambling, others call them adoption. Either way, they’re not going anywhere.

🔸 ETH Approaching Bounce Zone:
ETH is nearing a critical level against BTC, reminiscent of 2019, when it bounced back for a 450% gain. Could history repeat?

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🎪 THE DEGEN DEN MAIN EVENT

Ethereum’s crypto crown is slipping, and it's like watching the final episodes of a beloved series, dramatic, controversial, and a little heartbreaking.

Ethereum once dominated with 96% TVL (Total Value Locked) but has shrunk to barely half that.

The real kicker?

Solana is sprinting past ETH on key metrics like active users and transactions, making Vitalik's baby look sluggish by comparison.

ETH bulls point to history: we're nearing a price level against BTC last seen in 2019, which triggered an epic 450% rally.

ETH skeptics, though, are piling on: Bitcoin OG Adam Back calls Ethereum’s complexity a ticking time bomb and tells everyone to flush their ETH before it goes to zero.

Ouch.

Meanwhile, Bitcoin is maturing faster than your crypto buddy who finally moved out of his parents' basement.

BTC volatility just dropped to its lowest point in 563 days, signaling serious institutional interest.

Arthur Hayes is so bullish he's predicting a $1M BTC by 2028.

Will the adults in suits really send Bitcoin to the moon?

Finally, memecoins.

They're crypto’s guilty pleasure, like reality TV for your wallet.

Sure, many explode spectacularly, but the meme hype train refuses to die.

They’ve even clawed back to 25% of crypto’s total volume, proving they're here for a good time AND a long time.

Prepare for more scams, rugpulls, another Hawk Tuah coin and your favorite X influencer sharing fake profits.

There you have it, Degens: Ethereum slipping, Bitcoin growing up, and memecoins stubbornly immortal.

Crypto remains as wild as ever, but we wouldn’t have it any other way.

– Your DegenDen Crew

Meme of The Day