Where Are We in this Market Cycle? - CRYPTO FRIDAY

Fabian Klauder

Apr 16

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Hey DEFI TIMES community,

We are in the midst of another big bull cycle. But where exactly are we in this market cycle?

If you have been around in 2017 you know exactly how difficult it is to know the current stage of the cycle.

Are we already topping out? Or is there still a long way to go?

It’s not different this time! First, DeFi summer happened in 2020, which topped out very quickly. Then we saw the NFT mania, which also seems to come to an end very soon!

But these are all local tops; they can’t predict the stage of the macrocycle.

If you ask yourself this question, it’s almost always useful to look at the famous Wall Street Cheat Sheet.

There’s no denying that we are somewhere in the middle of the cycle. We are definitely not in spring anymore (Optimism).

If you pick up the sentiment on Twitter, most people believe that this cycle is somewhere between belief and thrill - quite near the end but most likely not in Euphoria.

How long could it continue? Maybe 3 months? Maybe 6 months? Up to 12 months or more?

No one knows for sure, but one thing is certain: this altcoin macrocycle will come to an end sooner or later.

Are you prepared?

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UMA + Sushi

UMA @UMAprotocol

1/ @SushiSwap and UMA have joined forces to build an xSUSHI call option. This product is already live and tradable. The call option has a $25 strike price and expires on May 31st, 2021.

SushiSwap x UMA: Announcing Call Options for xSUSHITL;DR : SushiSwap and UMA have joined forces to build a xSUSHI call option token with a $25 strike price and expiry of May 31, 2021. Over $1mm of these tokens have been minted and pooled with $xSUSHI…medium.com

UMA and Sushi will join forces to create call options on xSushi. How can you use them? You can trade them based on where you think the xSushi price goes.

Integral Protocol

Integral Protocol @IntegralHQ

Our $ETH - $LINK pool trading is live. Currently matches @SushiSwap & @CoinbasePro in depth by mirroring Sushiswap’s pool size * 1.25 = $250m, with our small ~$5mil pool. If we can sustainably do this with $5m, we could do a lot more with our $700m TVL.

Trading has launched on ETH-LINKOur ETH-LINK pool is currently matching Sushiswap and Coinbase Pro in depth by mirroring Sushiswap’s pool size * 1.25 = $250m, with our small ~$5mil pool.integral.substack.com

Integral protocol launched! It’s a new AMM using ETH-LINK trading. It leverages mirrored pricing to provide liquidity.

AAVE x MakerDAO

Sam MacPherson @sgmacpherson

Today @AaveAave is proposing the Direct Deposit Dai Module (D3M) to more closely join the Maker and Aave protocols. This will allow the Maker protocol to enforce a max var. borrow rate on the Aave DAI market. Here’s why I think this is a big deal. forum.makerdao.com/t/discussion-d… 1/

[Discussion] Direct deposit DAI module (D3M)MakerDAO is the decentralized minter of the Ethereum ecosystem, pioneers in Decentralized Finance (“DeFi”). The MakerDAO protocol minted the DAI stablecoin asset, which acts as a hedging tool and medium of exchange directly on-chain. The cornerstone of DeFi is overcollateralization–always having mo…forum.makerdao.com

Aave proposed a Direct Deposit Dai Module making it easier for Dai to be minted against aDai.

Paraswap v4

ParaSwap @paraswap

🚨 P4 is live 🎉🍾🥳 👉 ParaSwap is now 10% cheaper than Uniswap 👉 New cutting edge gas token: REDUX 👉 New state of the art algo: Hopper!! (Beating all DEXs & aggregators) 👉 Multi-language support 👉 Check it now at paraswap.io

Paraswap v4 just launched, which is an AMM promising to provide more efficient features than competing AMMs.

Hester Peirce

Hester Peirce @HesterPeirce

Safe harbor 2.0 is up. Thanks for all the comments on version 1. Looking forward to your feedback on this version:

SEC.gov | Token Safe Harbor Proposal 2.0Token Safe Harbor Proposal 2.0, statement by Commissioner Hester M. Peirce, April 13, 2021sec.gov

Hester Peirce updated her proposal to make it easier for crypto projects to build without having to deal with regulatory uncertainties: She proposed a three-year time frame where tokens can exist without being considered as a security.

Physical Gallery Space in NYC

Decrypt @decryptmedia

There’s a physical gallery space for NFT art in New York City called Superchief. We checked it out, and here's what we thought about it. decrypt.co/66369/superchi…

Superchief is a physical gallery space in New York City! Check it out!

Black Rock x Bitcoin

Decrypt @decryptmedia

BlackRock CEO Larry Fink, who previously called the cryptocurrency “an index for money laundering,” has come around on Bitcoin: "I do believe this could become a great asset class." decrypt.co/66687/blackroc…

Black Rock CEO Larry Fink called crypto a great asset class!

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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.