The LSD narrative hasn't faded even with new trends popping up in the crypto world.
This 🧵 will cover $LDO $FXS $RPL $ANKR $FIS $BNC $PSTAKE and these projects' performance in the liquid staking sector.
Are you ready for an interesting month for @ethereum? 1/ We'll talk about:
🔹 The current state of LS space
🔹 $LDO
🔹 $SWISE
🔹 $FXS
🔹 $RPL
🔹 $ANKR
🔹 $FIS
🔹 $BNC
🔹 $PSTAKE
🔹 Which LSD token has the strongest correlation to $ETH price?
🔹 Are stakers in profit?
Oct 19, 2022 • 15 tweets • 11 min read
0/ The week of Oct 12-18 was quiet until the CPI release crashed $BTC to its new October low of $18,299, but the losses quickly recovered.
#BTC went sideways in the rest of the week with a 1% gain, followed by $ETH.
$ADA (-10%) & $XRP (-6%) were the biggest large-cap losers. 1/ Both #stocks & #crypto markets saw a flash sell-off after CPI, but quickly bounced back as the Fed's hawkish policy was priced in.
The Fed's plan for a rate hike streak can put more pressure on crypto in the long term.
Oct 18, 2022 • 18 tweets • 17 min read
A pretty quiet day for $BTC as it showed lagging performance while so much noise was created in the #crypto space today.
A distributed ledger built for the "Internet of Everything" for exchanging value and data between humans and machines.
It uses Tangle, a structure where newer txs verify the older ones, for parallel validation of txs without requiring total ordering.
Sep 23, 2022 • 17 tweets • 17 min read
Some cryptocurrencies gave up their gains yesterday as $BTC slid below $19,000, and $DXY took a rally to 112, which is considered negative for #bitcoin price.
After a short rebound, the crypto market came back down on fears of a potential implosion as 3AC was facing serious insolvency risks. In #Coin360 Daily Digest👇
This suggested a short-term relief rally, but if #BTC breaks support, a new round of liquidations will occur. Traders should beware of the sell-off as:
Despite the clarification made, @Tether_to didn't seem to be able to retain its users as the No.1 #stablecoin market cap has fallen under $70B, reaching its lowest point since October 2021.
$USDT $USDC $BUSD $DAI $FRAX $TUSD
Data from @santimentfeed also suggested that big investors were staying away from $USDT since the addresses with $100k to $10M in $USDT had plunged by -50.5% of their coins, showing signs of holding less percentage of supply.
@intotheblock data suggested a potential bottom as it spotted the largest #BTC inflow since Feb.
Jun 16, 2022 • 7 tweets • 5 min read
The second financial quarter of 2022 witnessed the first-ever drop in #stablecoin supply from the beginning of cryptoverse, according to @coinmetrics Head of R&D @LucasNuzzi.
This was caused by multiple factors, as...
Data from @cryptoquant_com pointed out that the total supply of stablecoin had a freefall on May 14, which might have been a result of whales' effort to exit the market following $USDT's depegging.
According to on-chain analytics platforms, 7B $USDT were wiped out.
Jun 15, 2022 • 17 tweets • 20 min read
We have entered very rough waters as $BTC got lower than $20,700. Today in #Coin360 Daily Digest 👇
0/ June 8 - 14 was severe for crypto and the broader financial markets as the U.S. CPI resulted in a strong reaction.
$BTC recorded red candles every day from June 7, which meant there was not enough buying power. The intensified sell-off on June 13 caused a $4,100 loss for it. 1/ In this period:
$BTC briefly touched $20.8k, falling by 29% in a week
$ETH traded below $1.2k, down ~75% from ATH
The total crypto market cap dropped below $1T
The Crypto Fear & Greed index touched 8 points
Over 240,000 traders suffered from losses in $1.3B crypto liquidations