The fact that the ETH pump is run by spot markets suggests this might be a big institutional buy FOMOing into DeFI yields, instead of BTC. Expect the blue chip DeFi tokens to pump along...
Nice high volume move from $FXS
Could be start of leg up after RSI 50 cross.
Lots of progress being made (AMO's, Curve, Tornado Cash, single side staking) and only algo-stablecoin to keep its 1:1 US$ peg with $FRAX
Sleeping giant...
@Moon_or_Rekt It was for me too once but not now because it's not moved much compared to others!
Still, I hodl patiently.
Good news is progress continues relentlessly and you can see total oracle requests growing strongly.
$BAND
The TVL in $AAVE looks ready to break out to new highs.
Those juicy $MATIC rewards seem to be to be doing the job!
AAVE Price is reacting too.
#cryptocurrency
Almost 23% of total $ETH supply is held in smart contracts.
And the trend looks to be continuing higher.
Very bullish price signal for #ethereum holders as it reduces circulating supply.
@Youcantbeserio6 The pump came on the back of a V2 launch announcement but then a supply/demand imbalance resulted in a big sell off.
Then everyone gets pessimistic and it falls further. But changes being made to help allign holder economics better. Plus more.
Only algo stablecoin to keep peg.
Bottom looks in for $FXS
This is my favorite stablecoin project and it has some huge releases coming over the next month.
For traders the biggest one is probably a new token burn mechanism as well as a slow down in supply of new FXS.
#cryptocurrency
The balance of $BTC held on exchange addresses has been in free-fall for over a year now.
#bitcoin is getting scarcer by the day.
And until that exchange trend reverses, I don't think we're anywhere near a top.
Bullish!
#Bitcoin
I found most of my best bets via hard fundamental analysis.
Its not because narrative driven bets wouldn't moon as well...narratives rule.
Its because only with fundamentally sound and well researched projects I had high enough conviction to not take profits too early.
If you can find the projects which have both good value accrual economics AND a sustainable moat, then these players are coming to pump your bags!
For my money...
$BTC $ETH $BNT $VERUS $ENJ $SCRT $BAND $ATOM $YFI are all hitting one.
#cryptocurrencies
https://t.co/0xdE5ltvGY
This could be a watershed moment in the gaming industry.
Crypto powered in-game assets with crypto rewards for players too. A new gaming paradigm is upon us.
I wish I was a young pup again...
#enjin
$ENJ
https://t.co/Fz1fLpsWOB