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Where Are We in this Market Cycle? - CRYPTO FRIDAY

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Where Are We in this Market Cycle? - CRYPTO FRIDAY

Fabian Klauder
Apr 16, 2021
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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

Twitter avatar for @UMAprotocol
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.
medium.comSushiSwap 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…
2:03 PM ∙ Apr 5, 2021
172Likes40Retweets

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

Twitter avatar for @IntegralHQ
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.
integral.substack.comTrading 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.
6:52 PM ∙ Apr 9, 2021
44Likes16Retweets

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

AAVE x MakerDAO

Twitter avatar for @sgmacpherson
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/
forum.makerdao.com[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…
1:26 PM ∙ Apr 7, 2021
207Likes37Retweets

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

Paraswap v4

Twitter avatar for @paraswap
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
Image
4:06 PM ∙ Apr 8, 2021
298Likes85Retweets

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

Hester Peirce

Twitter avatar for @HesterPeirce
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.govSEC.gov | Token Safe Harbor Proposal 2.0Token Safe Harbor Proposal 2.0, statement by Commissioner Hester M. Peirce, April 13, 2021
10:21 PM ∙ Apr 13, 2021
1,021Likes279Retweets

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

Twitter avatar for @decryptmedia
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…
Image
4:41 AM ∙ Apr 16, 2021
15Likes4Retweets

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

Black Rock x Bitcoin

Twitter avatar for @decryptmedia
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…
Image
11:39 PM ∙ Apr 15, 2021
37Likes9Retweets

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.


Some recent tweets

Twitter avatar for @defitimes
DEFI TIMES @defitimes
$COIN had a good start after the listing...! #ETH is also clearly the winner of today? And here's why! open.spotify.com/episode/2K3dWX…
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2:04 PM ∙ Apr 15, 2021
6Likes1Retweet
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DEFI TIMES @defitimes
Strong hands pay off...! 🚀
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7:17 AM ∙ Apr 15, 2021
9Likes1Retweet
Twitter avatar for @fabianklauder
fabianklauder.eth | 🌔 @fabianklauder
Money only exists in people's shared imaginations. When money is issued by a central authority and trust fades, the money becomes worthless. Luckily, there is no trust with BTC and ETH involved. BTC and ETH the best forms of money on earth.
1:58 PM ∙ Apr 14, 2021
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Where Are We in this Market Cycle? - CRYPTO FRIDAY

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