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The Calm Before the Storm - CRYPTO FRIDAY

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The Calm Before the Storm - CRYPTO FRIDAY

Fabian Klauder
Mar 12, 2021
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The Calm Before the Storm - CRYPTO FRIDAY

newsletter.defitimes.io

Hey DEFI TIMES community,

Prices have been flat recently - many newcomers are worried about whether we could have reached this cycle’s top. Prices are simply not catching up with the momentum we have seen in February.

The best way to analyze the market sentiment in crypto is the Fear & Greed Index. To be honest, we are still in the “Greed” phase; however, the current market sentiment feels a lot different from the February sentiment. Even though the Fear & Greed index is sitting comfortably at 70-levels (Greed), we are far away from the extreme greedy areas we have seen in February.   

I see this as a healthy sign: The market needs those setbacks and consolidation phases. Too many people were in profit - life-changing money will always find its way out at some point. 

Boring times like these are a great time to sit back and observe your feelings. If you catch yourself being worried, zoom out and try to see the bigger picture.

In bull markets, you buy the dip and hodl when markets are boring. The bull market is far from over. 

Our very own Dot-Com-like bubble is just starting. It’s the calm before the storm.


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Optimism DAI bridge

Twitter avatar for @sgmacpherson
Sam MacPherson @sgmacpherson
The MakerDAO community is excited to announce the Optimism Dai Bridge which solves the 1 week withdrawal problem for optimistic rollups. Here's how it works: 1/
Image
3:53 PM ∙ Mar 9, 2021
845Likes238Retweets

MakerDAO has announced the Optimism DAI bridges, which allow for easy layer two to layer one withdrawal from Optimism.

USDT insurance

Twitter avatar for @UnslashedF
Unslashed Finance @UnslashedF
➡️ We are starting our Policy Roll Out today! ⬅️ 🔥And we are going BIG, almost as big as the whole DeFi TVL! 📣We are listing the first ETH backed insurance policy covering the USDT peg and this is a very BIG deal!! Thread 👇👇👇👇
Go Big Snoop Dogg GIF by TBS Network
3:05 PM ∙ Mar 10, 2021
111Likes36Retweets

Unslashed Finance is listing an insurance policy on USDT.

Nexus Mutual Bonding Curve

Twitter avatar for @NexusMutual
Nexus Mutual 🐢 @NexusMutual
We use a continuous token model which means the NXM token price depends on how the mutual is performing. @dandroid9000 has been working on improving it for our members 🐢 Read more 👇🏼 medium.com/nexus-mutual/o…
medium.comOur bonding curve has been improvedThe NexusMutual token bonding curve implementation was upgraded! What does that mean for you, and why was it done in the first place? We’ll be diving into the details in this article. First a quick…
1:42 PM ∙ Mar 10, 2021
40Likes7Retweets

Nexus Mutual’s bonding curve will be improved, which results in less gas being used and better calculations.

Sushi added to Coinbase

Twitter avatar for @CoinbasePro
Coinbase Pro @CoinbasePro
Inbound transfers for MATIC, SKL and SUSHI are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday March 11 , if liquidity conditions are met. blog.coinbase.com/polygon-matic-…
5:55 PM ∙ Mar 9, 2021
3,164Likes909Retweets

Sushi has been added to Coinbase Pro. Interestingly, Coinbase supports the growth of its decentralized competitor!

Dodo recovers

Twitter avatar for @BreederDodo
DODO DEX @BreederDodo
📣 UPDATE: $1.89 million has been recovered and our team is in the process of returning these funds to the affected parties. ~1,139,456.20 USDT and 411.05965 ETH have been recovered (see below for the txs). etherscan.io/tx/0x6e743db04… etherscan.io/tx/0xa0c522f31…
5:11 PM ∙ Mar 9, 2021
253Likes98Retweets

Approximately $1.9 million dollars were recovered after the recent Dodo hack!

Taco Bell NFTs

Twitter avatar for @tacobell
Taco Bell @tacobell
Our Spicy Potato Soft Tacos can now live in your hearts, stomachs and digital wallets. rarible.com/tacobell
Image
6:16 AM ∙ Mar 8, 2021
2,011Likes435Retweets

Taco Bell has released its own NFTs. NFTs seem to be a great way to do marketing nowadays…


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All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.


Some recent tweets

Twitter avatar for @defitimes
DEFI TIMES @defitimes
DeFi tokens are a catch right now. Attention is on NFTs, but DeFi will come back 🚀
1:13 PM ∙ Mar 11, 2021
11Likes1Retweet
Twitter avatar for @defitimes
DEFI TIMES @defitimes
We are excited to have Chandler from @UMAprotocol on our podcast! Topics discussed: 🚀 What are synthetic assets? 🔥 How you can use them in the DeFi ecosystem ✅ Where will Uma be in five year? podcasts.apple.com/de/podcast/def…
podcasts.apple.com‎„DEFI TIMES - Bitcoin, DeFi & NFT News“ auf Apple PodcastsThe blockchain agnostic crypto and DeFi podcast! Listen to comprehensive news, interviews, and thought pieces every day!
5:10 PM ∙ Mar 9, 2021
19Likes7Retweets
Twitter avatar for @defitimes
DEFI TIMES @defitimes
We see two main narratives in this bull run: 1. DeFi 2. NFTs It seems like NFTs are way more suitable for the mainstream. Why? People have collected stuff for thousands of years. Same concept, different way!
12:44 PM ∙ Mar 7, 2021
15Likes3Retweets

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The Calm Before the Storm - CRYPTO FRIDAY

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