“Should Have Bought It” is a news podcast featuring the ForkLog editorial team and friends, discussing the week’s major industry events and the hottest tokens.
This episode covers positive news for Bitcoin and negative for Ethereum, the long-awaited Notcoin listing, a warning from 10x Research, and Pantera Capital’s record investment in TON.
Special guest: analyst and GFiSchannel author Taisiya Romanova.
Participants: ForkLog authors Lena Jess, Aleksey K., Vasily Smirnov.
Notcoin on the Horizon
Cryptocurrency exchange Bybit will commence spot trading of the NOT token from the Web3 gaming project Notcoin on May 16.
OKX and Binance have also announced the upcoming listing. Their platforms, Jumpstart and Launchpool, will offer NOT farming from May 13 to 16. Verified OKX users can lock TON, while Binance traders can lock BNB and FDUSD.
The Wallet integrated into the Telegram messenger will add support for NOT on May 16.
A Million-Dollar Forecast
On-chain analyst Willy Woo is convinced that by 2035, the “fair price” of the first cryptocurrency will reach $1 million.
“That’s if we take the user growth curve as a guide for valuation. Remember, I said fair, not peak price during a bull market hype,” he noted.
A similar forecast was made by Twitter (now X) co-founder and Block head Jack Dorsey. He believes the first cryptocurrency will reach $1 million by 2030.
The entrepreneur stated that the most important aspect of digital gold is how its ecosystem encourages people to work together to improve the network.
Warning from 10x Research
Analysts at 10x Research suggested that the current bull cycle of the cryptocurrency market might be shorter than previous ones and is unlikely to end with a strong altcoin rally.
According to experts, large token unlocks amounting to nearly $2 billion over the next ten weeks could have a highly negative impact on non-Bitcoin crypto assets.
According to 10x Research head Markus Thielen, Ethereum’s weak fundamentals and recent trends in its dynamics indicate that the first cryptocurrency will maintain its dominance.
The expert added that the total value locked in Ethereum protocols is much lower than its peak and is mainly limited to staking and restaking.
TON and Pantera
In seven days, the cryptocurrency TON has risen by more than 12%. The rally accelerated following announcements of Notcoin’s listing on leading exchanges.
Another significant factor is the record investment by American venture fund Pantera Capital in Toncoin. The firm’s head, Dan Morehead, shared that he recently dined with Pavel Durov and was “enchanted by the purity of his convictions.”
The investment giant explained its decision by the project’s potential to become one of the largest crypto networks.
“Thanks to the dynamic sharding mechanism, the TON blockchain can process millions of transactions per second and scale efficiently as the number of users grows,” stated a letter from Pantera Capital’s executives.
They also pointed to Telegram’s enormous potential for mass cryptocurrency adoption, highlighting the popularity of internal mini-apps like Notcoin, new earning methods, and stablecoin payments USDT on the TON network.
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