I saw the news that Cardano's official wallet Lace is about to support Bitcoin, and Cardano will support Bitcoin DeFi. Currently, Lace is also one of the fantasy entry points to the base, which is obviously a good thing.
The industry is currently in the value discovery stage after the disillusionment of fantasy. And I can proudly say that I have written many articles on these topics. The courses and practices at the base also encapsulate my thoughts on related issues. It's still early, but the market makers are too ruthless!
The module on Coinmarketcap for analyzing holding data, I find it very valuable: which coins are held by the people, which are held by VCs, and which are strongly controlled by market makers, everything is clear at a glance.
Some projects can rise in the short term because market makers hold more than 70% of the tokens, allowing them to achieve strong control. However, the long-term fundamentals will not change because of this. From the current whale data, the healthiest is Bitcoin, followed by Cardano. Coins held by the people have a future!
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