Im hearing there are lots of institutional shorts that havent covered. Big numbers. Lets see how this plays out.
My feelings are that the pullback we had was overblown by several events.
1) everyone and their cousin was long leverage. pros thought they couldnt get liq playing a 2 and 3 x long.
2) Miner reset. China mining ban was likely front ran. Forced...
The most undervalued crypto by a landslide.
As an ETH Killer....it is massively undervalued. Yet Sora is what Cardano writes papers about becoming.
As a CBDC leader.... it is massively undervalued. Yet Sora has the first working CBDC in Bakong - and Japan just gave them top financial honors.
As a major KSM and DOT parachain..... it is massively undervalued. ...
Dilution ending soon with a cap around 150k max
Move to V2
Stability Fund has generated over 100 BTC in a few weeks.
Synths that rebase and peg (and actually work)
Sell off on some changes to emission schedule of farms (due to new 150k cap vs 1m cap)
High risk - High Reward
Synthetics merged with Badger gives you Klondike (*basically)
All the synths...
Its only a matter of time.
1 XOR will be airdropped 94 VAL (Validator Token)
It can be used to farm PSWAP (Polkaswap) at sora farm now.
There will be a bonding event in which your XOR will multiply.
XOR will be used as the base currency for Polkaswap.
Soramitsu is a powerhouse. IROHA Hyperledger. Central Banks and Governments (Cambodia, Russia,...
ZERO is a DEX - SWAP that will bridge ETH - AVAX - DOT.
There is some risk - anonymous team - but the code appears safe and sound.
Farming going on.
$1.00 short term seems plausible with $3.00-$5.00 longer term if they are successful at all the bridges.
Near zero fees on AVAX which is almost ready.
The head dev Fabian Vogelsteller created the ERC-20 on Ethereum that everyone loves.
He is working on creating a fashion giant with Lux. NFTs and real world sales.
NIKE, CHANNEL, and other big name fashion partners.
Expect big things here over time.
Imagine buying an NFT on LYXE that is redeemable for a channel purse or a pair of NIKE shoes.
Quasi Anonymous project.
ETH 2 staking pools
Very small cap
Emerging who the team is behind it - rumors its a very strong team.
$500 short to mid term target.
Eventually a 3:1 ratio to ETH. (which will be over $5000)
Major volume DEX
YFI ecosystem Major component
Fee pass thru to LP and stakers.
The center piece and interface of the new YFI ecosystem Mega DEx.
Coinbase 50billion value IPO and these monster DEX's are sitting here at pocket change.