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Where Are We in this Market Cycle? - CRYPTO FRIDAY
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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 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 launched! It’s a new AMM using ETH-LINK trading. It leverages mirrored pricing to provide liquidity.
AAVE x MakerDAO
Aave proposed a Direct Deposit Dai Module making it easier for Dai to be minted against aDai.
Paraswap v4 just launched, which is an AMM promising to provide more efficient features than competing AMMs.
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
Superchief is a physical gallery space in New York City! Check it out!
Black Rock x Bitcoin
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.