Why does this BMT trend look a bit familiar?

Sliding into the weekend. （and into my trades on dYdX iOS）

I've been watching the ＃VIRTUAL chart for a while for signs of bottoming and finally it seems like it's likely the bottom has formed. -90% correction and all of the tourists are out same with $REI, I was wrong earlier when I thought that 20M was the bottom but I don't see how it can go much lower here （famous last words） i'm going to be loading up more base-eco system coins, virtuals which is the ＃1 coin on base displaying a bottom is a clear sign

$SHIB can't break the downtrend since December 2024 on daily chart. A good bottom formed at these levels. Maybe this time ?

A trader created a new wallet and spent 51.2 $ETH（$97.7K） to buy 254.66M $doginme yesterday. After ＃Coinbase added ＃doginme to its roadmap today, the price skyrocketed over 150%! The 254.66M $doginme is now worth $205.7K, with an unrealized profit of $108K（+110%） in just one day!

Aave's $GHO now ranks the 21st stablecoin by mcap at $200M+ on @DefiLlama. Not shining colors but tdy @StaniKulechov proposed the launch of Horizon to make $GHO the go-to for institutional borrowing. And it's their 2nd attempt for institutional DeFi through RWA. Will this be a wagmi or ngmi? Is DeFi 2.0 making a comeback for institutional adoption? A thread on everything you needa know 🧵 【 What's Horizon? Explain to me l'm five shinchan 】 ⚪️ It is Aave's new institutional DeFi play ⚪️ First product kicks off with tokenized money market funds （MMFs） as collateral for borrowing $GHO and $USDC ⚪️ Protocol mechanism adopts a hybrid design with two core elements: （i） permissioned RWAs = MMFs are restricted with KYC/AML standards; （ii） On the flip side there is permissionless liquidity, meaning that permissioned MMF will be posted as collateral where retail users + DAOs can interact it freely via Aave V3. ⚪️ The whole Horizon debut evolves @aave arc: To understand this here's some background info. Arc was an earlier Aave experiment launched in 2021 for institutional defi. It's permissioned meaning that every part of its assets, users and interactions was restricted. Only whitelisted institutions with KYC/AML checks could participate. They'd deposit assets like tokenized bonds to borrow stablecoins. It peaked at $100M TVL but didn't scale big becoz it lacked DeFi's open, flexible vibe. Horizone takes Arc's insti focus and upgrades it with the hybrid twist. Unlike Arc, Horizon doesn't lock everything down. The assets are permissioned but once they're in Aave's pools, anyone can interact with them. You can think of it closer to Ondo's OUSG. 【 How this will benefit for $AAVE holders? Shinchan bought $AAVE at 300 and bags went down bad 】 （1） Revenue sharing from Horizon Temp check proposal states 50% of Horizon's first-year revenue will go to Aave DAO which $AAVE holders govern. Potential ways for more buybacks? （2） Boosted $GHO adoption will drive $AAVE utility Horizon prioritizes Aave's stablecoin $GHO as a key borrowing asset for insti. It aims to "establish $GHO as a key liquidity source". As $GHO demand rises, $AAVE staking in safety module reduces $GHO borrowing rates to incentivize holders to lock tokens + earn rewards. More $GHO circulation could stability its peg to enhance the credibility of $AAVE. 【 Will there be a new token for Horizon's launch? They did propose it but people disliked it 】 It was indeed mentioned in the temp check proposal but seems $AAVE holders are generally negative with this. Reasons? - Value dilution: Fears a new token reduces $AAVE's value accrual + relevance. - Revenue share: There will be a declining revenue share from Horizon to $AAVE DAO, which the new token launch might hit a weaker tie to $AAVE holders. Marc Zellar also blasted against the Horizon new token idea on X. These concerns were not ungrounded and holders could base it with relevance to what happened to MakerDAO's transformation into Sky. In Aug 2024, MakerDAO rebranded to Sky and introduced new tokens $USDS （upgraded $DAI） and $SKY （upgraded $MKR）. $MKR holders could convert each $MKR into 24,000 $SKY. Old tokens remain functional but are being phased out. Post-rebrand, $MKR price slid caused a net loss in purchasing power. Right now DAO introduced buybacks for $MKR to stabilize price as remedial. Shinchan will see how this goes in proposal voting but likely a token-free horizon is what's asked for.

$S ＃Sonic Seems Like Preparing For Another Bullish Rally After Correction, Testing Crucial Resistance, Successful Breakout Can Send It Towards 1$.

$Near ＃Near One Of Well know Crypto Project With Solid Team, Consolidating Within Falling Wedge Range, Expecting Move Towards 5$ After Successful Breakout.

🏆THE ALT CRYPTO CUP! 🏆 ＃Layer1 Edition TIME FOR ANOTHER ROUND OF THE NEW ＃AltCryptoCup! Today we have @Solana $SOL vs $OM @MANTRA_Chain! EACH ROUND YOU DECIDE WHO WINS!

Top Daily Crypto Gainers | 14/3/25 1- @SonicLabs $S 2- @Kava_Chain $KAVA 3- @GetTrumpMemes $TRUMP 4- @SeiNetwork $SEI 5- @Decentraland $MANA Source: @CoinMarketCap