3 months ago
"Is it safe?" For immoderate crypto investors with immoderate currency remaining, that's the cardinal question pursuing the illness successful prices.
10X Research's Markus Thielen had been correctly bearish headed into this latest downturn and he's not yet acceptable to bargain the dip.
Like the speculative bubble successful DeFI/NFTs that collapsed pursuing the 2021 bull marketplace (dealing a stroke to ETH from which it inactive has not recovered), there's been a akin illness successful memecoins this clip around, which has punished not conscionable Solana's (SOL), but a fig of associated tokens.
"This structural diminution indicates a weakening foundation, making present a clip for caution — not complacency," wrote Thielen in a Tuesday report. "Bitcoin (BTC) is steadily heading toward $73,000 ... If past is immoderate guide, the adjacent large (up) determination volition necessitate a caller narrative."
English (US) 