Did you know? Bitcoin was created in 2008. It only took 18 years to mine 20 million Bitcoins. Yesterday, the 20 millionth Bitcoin was mined. Now there is only one million more Bitcoins to be mined, and this will take over 100 years. Energy will be a major issue in the next 100 years. #TrumpSaysIranWarWillEndVerySoon
Spot GRASS Insights Grass, a DePIN project leveraging internet bandwidth for AI data, has experienced an 11.45% price surge in the last 24 hours, reaching $0.334. Despite strong shortterm momentum, the token faces risks from its mintable supply and concentrated holdings. Key takeaways: 1. Price Surge: GRASS has seen an 11.45% price increase in the last 24 hours, reaching $0.334, driven by positive shortterm technical indicators like a rising RSI and positive MACD. 2. Supply Risks: The token carries inherent risks from a mintable supply and mutable metadata, coupled with a high concentration of 65.53% among the top 10 holders. 3. Onchain Behavior: KOLs have realized a significant loss of $7,219 from their trading activities, and Smart Money has realized a loss of $1,939, indicating past unprofitable engagements for these groups. Positives 1. Project Utility: Grass leverages unused internet bandwidth for AI data scraping, providing a unique utility within the DePIN and AI narratives, which are currently strong themes in the crypto market. 2. Recent Price Momentum: GRASS has shown a significant price increase of 11.45% in the last 24 hours, indicating strong shortterm buying interest. The current price of $0.334 is near its 24hour high of $0.338. 3. Bullish Technicals: The 5minute RSI (6) is at 89.04 and RSI (12) at 71.16, indicating strong upward momentum. The 5minute MACD histogram has turned positive and is expanding, suggesting increasing bullish sentiment in the very short term. Risks 1. Mintable Supply: The token contract includes a mintable function, allowing the total supply to be increased. This could potentially dilute token value and impact price negatively. 2. Metadata Mutability: The token's metadata, such as name and symbol, can be changed, which introduces a risk of misleading users or potential project rebranding that could affect community trust. 3. Concentrated Holdings: The top 10 holders control 65.53% of the total supply, indicating a high level of concentration.