38% Ethereum futures premium signals traders anticipate $2,500 ETH

Now that Ether’s (ETH) price broke the $2,000 level, hitting all-time highs this week, traders became excessively bullish and are expecting more upside in the short-term. 

Some analysts believe Visa’s initial USD Coin (USDC) stablecoin transaction settlement on the Ethereum network kicked off the most recent rally. Others attribute the current Ether hike to a “triangle market structure” breakout.

Regardless of the cause behind the recent 25% rally, professional traders seem highly optimistic this time around. This conclusion can be reached by looking at the surging futures’ basis, which has reached its highest level ever.

This movement brings increased risks of cascading liquidations due to excessive buyer leverage, but professional traders seem confident, as shown by the delta skew indicator.

Ether (ETH) price at Coinbase, USD. Source: TradingView

Investors could be anticipating the protocol improvement proposal EIP-1559 set to go live in July, which aims to fix the surging gas fees. The upgrade intends to use flexible block sizes instead of the current fixed model, and it aims for a network utilization below 50%.

To assess whether professional traders are leaning bullish, one should start by analyzing the futures premium (also known as the basis). This indicator measures the price gap between futures contract prices and the regular spot market.

OKEx 3-month ETH futures basis. Source: Skew

The 3-month futures should usually trade with a 10% to 20% annualized premium, comparable to the stablecoin lending rate. By postponing settlement, sellers demand a higher price, causing the price difference.

The basis on Ether futures has matched its all-time high at 38%, indicating that it is costly for the leveraged longs. A basis level above 20% is not necessarily a pre-crash alert, but buyers’ overconfidence might pose a risk if the market recedes below $1,750.

It is worth noting that traders sometimes boost their leverage use during a rally but later purchase the underlying asset (Ether) to unwind the risk from futures.

Sometimes the fixed-month contracts’ high leverage is a consequence of perpetual futures aggressive buying by retail traders. Whales, arbitrage desks, and market makers avoid exposure on these contracts due to their variable funding rate.

Options markets are also leaning bullish

To correctly interpret how professional traders are balancing the risks of unexpected market moves, one should turn to the options market.

The 25% delta skew provides a reliable and instant “fear and greed” analysis. This indicator compares similar call (buy) and put (sell) options side by side and will turn negative when the neutral-to-bearish put options premium is higher than similar-risk call options. This situation is usually considered a “fear” scenario, although frequent after solid rallies.

On the other hand, a negative skew translates to a higher cost of upside protection and points toward bullishness.

Deribit 90-day ETH options 25% delta skew. Source: laevitas.ch

For the first time since Feb. 5, the options skew indicator is leaning bullish, although it is not far from the negative 10% neutral threshold. Furthermore, the “fear and greed” indicator has continuously improved over the past five weeks.

Part of the reason behind the modest optimism lies in fear of a sharp correction after crossing the $2,000 psychological barrier, similar to the one seen on Feb. 19.

This time around, however, the derivatives markets are healthy, and professional traders appear to be building up positions as Ether marks a new all-time high.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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source https://cryptonews.wealthsharingsystems.com/2021/04/38-ethereum-futures-premium-signals-traders-anticipate-2500-eth/

Altcoins move to new all-time highs while Bitcoin struggles below $60K

According to data from, Bitcoin’s (BTC) Q1 2021 performance was the best since 2013. With strong tailwinds, Bitcoin now enters Q2 which historically has been a good period for BTC price.

Data shows that BTC has only closed Q2 in the red twice and both times the decline was less than 10%. If history repeats itself, Bitcoin investors may witness sharp gains in the next six months. 

Crypto market data daily view. Source: Coin360

Altcoins have also participated in the current bull run and this has propelled the total crypto market capitalization to $1.99 trillion which is just short of the $2 trillion milestone.

Let’s take a look at some of the top-performing tokens to see which may continue to rally higher in the short term.

RUNE/USDT

The decentralized finance boom has attracted numerous new players. However, one of the problems facing investors is that the protocols are built on different blockchains.

This necessitates the need for a cross-chain protocol, enabling traders to swap tokens across the blockchains in a decentralized way and THORChain (RUNE) is attempting to do just that.

On March 26 the protocol teased that its multichain Chaosnet, which supports native cross-blockchain swapping across five chains is expected to go live soon.

This feature could attract several new investors who may lock their assets in THORChain for greater yields. If that happens, the total value of assets locked in THORChain could surge from the current $553 million TVL and add further benefit to RUNE investors.

Successful implementation of this feature could increase the demand for RUNE. On Feb. 23, Crypto investment firm Multicoin Capital also revealed a large position in RUNE.

RUNE rallied from an intraday low at $4.50 on March 25 to an intraday high at $8.93 today, a 98.44% rally in eight days. However, the long wick on today’s candlestick suggests profit-booking at higher levels.

RUNE/USDT daily chart. Source: TradingView

The RUNE/USDT pair may retest the breakout level at $6.76. If the bulls can flip this level to support, it may act as a launchpad for the next leg of the uptrend that may reach $10.26.

The upsloping moving averages and the relative strength index (RSI) in the overbought zone suggest bulls are in command.

If the bears sink the price below $6.76, the pair may drop to the 20-day exponential moving average ($6.24). A bounce off this support will indicate the sentiment remains positive and it may keep the uptrend intact.

This positive view will invalidate if the bears sink the price below the 20-day EMA. Such a move could pull the price down to the 50-day SMA ($5.36) and then to $4.50.

AKRO/USDT

The DeFi space is crowded and projects will have to think out of the box and introduce attractive products to stay ahead in the game. However, for the past few weeks, there have not been any major announcements from the Acropolis (AKRO) team.

High Ethereum gas fees continue to be a burden on users and that may have taken a toll. These could be some of the reasons why the protocol’s TVL is only at $37.31 million, according to a weekly update on March 31.

The team did mention that it is working on new vault strategies but it did not dish out too many specifics. In a bull market, almost everything rises, but projects that do not have a distinct advantage over their competitors struggle when the next downturn happens. Therefore, crypto investors should analyze the fundamentals of the projects and hold the ones that offer an edge over the others.

AKRO has risen from an intraday low at $0.042 on March 25 to $0.088 today, a rally of 109.50% in eight days. The token’s break above $0.072 completed a bullish ascending triangle pattern that has a target objective at $0.127.

AKRO/USDT daily chart. Source: TradingView

However, the long wick on today’s candlestick suggests profit-booking at higher levels. The bears will now try to sink the price back below the breakout level at $0.072. If they succeed, the AKRO/USDT pair could drop to the 20-day EMA ($0.060).

If the price rebounds off this level, the bulls will once again try to push the price above $0.072 and resume the up-move.

Conversely, if the bears sink the price below the 20-day EMA, the pair may drop to the trendline of the triangle. A break below this support will invalidate the bullish setup and signal a possible change in trend.

HNT/USDT

Helium (HNT) was featured by Cointelegraph on Feb. 9 when it was trading at $3.96. From there, the token rallied to $12.09 on March 28, a 205% rally in just under two months.

The protocol aims to build a decentralized wireless network and connect IoT devices at a fraction of the cost of the current cellular service providers. Since early February, the number of active hotspots has increased from 18,000 to 24,572.

This number is likely to increase as one of its third-party HNT miner suppliers said that it had shipped 2,000 miners to customers in China on March 31. If HNT’s popularity increases in China, the number of hotspots could continue to rise.

Helium recently partnered with Streamr, a decentralized platform for real-time data, which can help users transport, broadcast, and monetize data. Helium has also forged partnerships with several firms that provide various types of IoT solutions.

VORTECS data from Cointelegraph Markets Pro turned positive just as HNT was starting the rally on March 25.

The VORTECS Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS Score (green) vs.HNT price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS Score for HNT was in the green on March 25, just as the token started its rally from $7.09 to $11.38 on March 28.

The VORTECS Score again turned green on March 31 just before the start of the rally and it has remained in the green since then. HNT pric rallied from $9.67 to $11.98 during the period.

Currently, HNT is in an uptrend but the bears are trying to stall the up-move at $12. The bears had pulled the price down from this level on March 28 but the bulls purchased the drop to the 20-day EMA ($8.66) on March 31, indicating accumulation on dips.

HNT/USDT daily chart. Source: TradingView

The rising moving averages and the RSI in the overbought territory suggest the path of least resistance is to the upside. If the bulls can sustain the price above $12, the next leg of the uptrend could start. The next target objective on the upside is $14.56 and then $17.64.

Contrary to this assumption, if the price again turns down from $12, the bulls will try to sink the HNT/USDT pair below the 20-day EMA. If they succeed, the pair could drop to the 50-day SMA ($6.04).

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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$161M Ethereum options expiry tilts toward bulls as ETH flips $2K to support

With no short-term solution in sight for the surging network fees, some investors are afraid that Ether (ETH) price could face a correction. The EIP-1559 proposal is set to be bundled with the impending London upgrade, and this will change the gas fee structure, but traders are left to deal with high fees until then.

The flexible block size proposal aims for a more predictable fee pricing model, but this upgrade is scheduled for July, meaning, in the short term, Ether could be subject to price pressure. Adding to this, miners have been expressing concerns as the new proposal aims to burn part of the fees to create scarcity, reducing their income by up to 50%.

To prepare for downside events, professional traders usually buy protective put options without reducing their positions, especially those farming and staking with high yields. Although these are generally costly for longer-term periods, the trades are also offered weekly or bi-weekly at some exchanges.

The put-to-call ratio favors bears, but there’s more to it

Unlike futures contracts, options are divided into two segments. Call (buy) options allow the buyer to acquire Ether at a fixed price on the expiry date. Generally speaking, these are used on either neutral arbitrage trades or bullish strategies.

Meanwhile, the put (sell) options are commonly used as a protection from negative price swings.

To understand how these competing forces are balanced, one should compare the calls and put options size at each expiry price (strike).

For those unfamiliar with options strategies, Cointelegraph recently explained how to minimize losses despite keeping a bullish position.

Aggregate Ether April 9 expiry open interest. Source: Bybt

The above data shows that Ether’s April 9 expiry holds 77,800 Ether contracts, worth $161 million at the current $2,070 level. Meanwhile, the call-put ratio favors the more bearish put options by 11%, dominating the strikes below $1,850. Meanwhile, bullish call options have crowded the scene above $1,900.

Despite the imbalance, the net impact leans bullish

Options markets are an all-or-nothing game, meaning they either have value or become worthless if trading above the call strike price, or the opposite for put option holders.

Therefore, by excluding the neutral-to-bearish put options 25% below the current $2,070 price and the call options above $2,480, it is easier to estimate the potential impact of next Friday’s expiry. Incentives to pump or dump the price by more than 25% become less likely as the potential gains will seldom surpass the cost.

This selection entices to 33,000 call options from $1,200 to $2,480 strikes, currently worth $68 million. Meanwhile, the more bearish put options down to $1,580, amount to 18,100 Ether contracts worth $37 million. Therefore, buyers have a slight advantage for April 9 expiry.

The balance between call and put options initially showed a call-to-put ratio favoring the more bearish put options. Nevertheless, by excluding the put options 25% below the current price, the net result clearly favors bulls. This reinforces the view that the April 9 expiry should not be deemed bearish.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

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source https://cryptonews.wealthsharingsystems.com/2021/04/161m-ethereum-options-expiry-tilts-toward-bulls-as-eth-flips-2k-to-support/

Bitcoin ‘on brink of strong breakout’ says analyst ahead of Coinbase IPO

Bitcoin (BTC) is primed for a price breakout after beating out volatility, but April may still produce a surprise sell-off.

In his latest market update on Friday, Filbfilb, co-founder of trading suite DecenTrader, said that he now expects upside to take over on BTC/USD.

BTC/USD 1-day candle chart (Bitstamp). Source: Tradingview

BTC “threatening a breakout”

Bitcoin has recovered from its flash crash earlier in the week and briefly hit $60,000 overnight on Friday. 

With seven-day gains still at 13%, there are plenty of reasons to be bullish in the short term now that consolidation looks set to conclude, Filbfilb argues.

“With the weekend looming amidst a buoyant week; it’s difficult not to be optimistic,” he summarized.

“I’m not thinking we will break out with as much ferocity, but I do think that we are on the brink of a strong breakout.”

A comparison worth noting is what happened to Bitcoin when it originally broke through $20,000 resistance. A pattern of sudden breakouts following a protracted period of consolidation and regression could end up characterizing $60,000 as well.

“A few weeks ago I shared this similar price action/market structure as what was seen around the $20k level, which had a correction back to c.50k before a violent breakout,” Filbfilb continued.

“Since then price has almost perfectly played ball with this idea and is now threatening a breakout.”

BTC/USD 1-day candle chart (Bitstamp). Source: Tradingview

Bulls to reckon with Coinbase IPO, options expiry

This breakout nonetheless faces challenges in the coming weeks. Coinbase, fully prepared for its initial public offering on April 14, may unwittingly spark downward price pressure.

As was the case this week with London-based Deliveroo, the debut of an IPO often results in selling at first, with the implications for Bitcoin being clear.

“We may see increased volatility around this time period of the 14th April and should pay particular attention to the time from here to options expiry at the end of the month,” Filbfilb concluded.

Bitcoin options open interest expiry dates. Source: Bybt

The end-of-month options expiry may also spook spot price temporarily — this having been very much in evidence at the end of March when expiring options hit a record $6 billion. In the end, however, the actual event itself had no impact on BTC’s performance.

“Lots more bull market to come,” statistician Willy Woo forecast.

Woo quoted on-chain analytics service Glassnode’s active BTC supply data, which likewise suggests that Bitcoin can rise more before old hodlers sell for profit, causing a cycle top.

Regardless of Coinbase’s IPO impact on the market this month, the analyst doesn’t see Bitcoin closing below $46,400 anytime soon. He said: 

“$46.4k is the price I’m modeling that we won’t visit again during in this bull market (daily close).”

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source https://cryptonews.wealthsharingsystems.com/2021/04/bitcoin-on-brink-of-strong-breakout-says-analyst-ahead-of-coinbase-ipo/

PokerNews Debate Series: Is Phil Hellmuth Only Good Against Bad Players?

April 02, 2021
Jason Glatzer

The PokerNews Debate Series launched its first episode on Tuesday, March 30, 2021 with the series focusing on Sarah Herring moderating debates between PokerNews’ Mo Nuwwarah and Jason Glatzer about a variety of topics on the minds of those in the poker community.

The first episode of the PokerNews Debate Series focuses on whether Phil Hellmuth is only good against bad players with Nuwwarah being assigned “yes” while Glatzer was assigned to debate that he is good against good and bad players.

The topic is something many poker players have discussed in light of the highly-publicized High Stakes Duel II between Hellmuth and Daniel Negreanu to take place live at PokerGo on March 31.

The PokerNews Debate Series would like to be known for taking a no-holds-barred approach and pulling no punches… this series kicked off with a great example of that philosophy.

Note: Debators were assigned their position on this issue and their comments do not necessarily reflect their opinions or that of PokerNews.

Time Stamps

Time	Topic
00:00	Countdown to the debate
10:22	Sarah Herring introduces the show, its concept/structure, and this week’s topic
14:35	Herring introduces debators Mo Nuwwarah and Jason Glatzer
17:53	Nuwwarah debates why Hellmuth is only good against bad players
21:40	Glatzer debates why Hellmuth is good against good and bad players
26:10	Nuwwarah’s rebuttal to Glatzer’s points
30:46	Glatzer’s rebuttal to Nuwarrah’s points
35:40	Nuwwarah’s final points
36:45	Herring opens up Q&A
37:02	Is it neccesary to incorporate solvers into your game?
43:07	Do you believe in White Magic?
45:17	Is Hellmuth playing the schtik of the old man that doesn’t know what’s going on
49:25	Discussing Hellmuth’s hand against Polk where Polk folded second nuts
56:04	Responses to Barny Boatman’s comment “I’ve been eeking a living for decades out of the bogus dichotomy between ‘good’ and ‘bad’ players.”
59:10	Discussion of the frequent swapping of action in high stakes tournaments with small fields
01:04:07	Are tournaments Hellmuth’s bread and butter or is he also good at cash games
01:08:28	Is Hellmuth predictible?
01:12:20	Herring concludes show

Tell us who you want to hear from. Let us know what you think of the show — tweet about the podcast using #PNDebate, and be sure to follow Sarah Herring, Mo Nuwwarah, and Jason Glatzer.

Check Out Past Episodes of the PN Podcast Here!

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source https://cryptonews.wealthsharingsystems.com/2021/04/pokernews-debate-series-is-phil-hellmuth-only-good-against-bad-players/

Overpriced crap or new art history? – Cointelegraph Magazine

It’s been a heady few weeks for commerce and art.

Surely a revolution is afoot and we’re too mired in the hot mess to see it right.

With that proviso, here are two notes from the front lines.

NFTs are cutting-edge, digital art ain’t

Some folks say the non-fungible token (NFT) that allows a digital artwork to be possessed exclusively by a purchaser is traceable to the creation of Colored Coins in 2012 — or to CryptoPunks in 2017 — even though the this market exploded just the other day.

 

A page from Jules Antoine Lissajous’s A Study of the Optical Representation of Sound Vibrations, 1957

 

But digital art (DA) itself has an older pedigree.

As early as 1857, the Frenchman, Jules Antoine Lissajous (1822–1880) published images of mathematically-designed “Lissajous Figures” by capturing lines created by sound harmonies with a camera. These figures had been identified 42 years earlier by the American, Nathaniel Bowditch (1773 -1838) — it’s just that Bowditch didn’t render them as pictures.

 

 

The first art piece fully recognized as computer-made, and hence, “digital,” was Oscillon 1 made in 1950 by the American computer scientist Ben Laposky (1914–2000). He called these pieces “Oscillons” or “Electrical Compositions.” They were Lissajous Figures of a complex type. A 1953 show of his work in Cherokee, Iowa designated them “electronic abstractions.”

 

Ben Laposky, Oscillon 45, 1952

 

Laposky inspired other digital artists, producing the medium’s first major show in 1965, in Stuttgart, headlined by Frieder Nake (b. 1938) and the first museum show, “Cybernetic Serendipity,” at London’s Institute of Contemporary Arts three years later.

DA’s emphasis on geometric abstraction piggy-backed on the world’s excitement for Pollock and the swarm of Abstract Expressionists roiling the cultural waters of that day. The optical gamesmanship and clean rendering of DA designs also lent momentum to early 1960s Op Art.

 

Op Art: Frank-Stella, Untitled, 1966

 

DA’s entrancement with crisp linearity, geometry, and images categorized by number persists to this day.

Major digital art collections exist at the Whitney, MOMA, the Walker Art Center, and other juggernauts of the art world; and over a dozen museums dedicated to digital art now exist — from Zurich’s MuDa, to Tokyo’s Mori Museum of Digital Art, to the Center for Digital Art in LA.

NFT pics: Easy on the eyes, but not museum-ready

Beeple (Mike Winkelmann at beeple-crap.com — the man who created the $69 million Everydays) said we’re witnessing “The next chapter of art history.”

I differ.

New chapters of art history are written by artists making new art.

But this is a chapter being written by artists (and their advocates) making novel financial moves.

This is a new chapter in financial history.

 

Piero Manzoni, Artist’s Shit, 1961

 

It’s true, Damien Hirst and others have performed financial acts as aesthetic ones. Artists have sold air, shit, and invisibility as conceptual advancements, but that’s not what’s happening this month.

When this art is attached to an NFT and sold for piles of crypto, it’s not showcased as an artistic performance.

Heaps of new market fluidity are is being leveraged, but no fresh aesthetic concepts is are shaping the action.

As of this writing, the overwhelming majority of images moving into NFT collections for slag-heaps of Ethereum are more akin to 1950s paperback covers than digital art productions that have migrated to museums and marquee galleries for years.

 

Beeple, Infinity and Beyond, 2015

 

Though it’s main inspiration is anime, computer games, and comic books, this NFT-drop will surely persist in the field of cultural reference for decades, and, I will confess, there IS an art-historical development here, but I don’t think it’s the one Beeple is thinking of.

This moment is an A-bomb explosion in the larger fragmentation and recombination of kitsch and high art that’s been going on for one long, bloody D-Day since Andy Warhol’s first art show in 1962.

We can point to Toulouse Lautrec (1864 -1901), Stuart Davis (1892 -1964), and handy Andy (1928 -1987) as the dudes who threw the first blow, but the master bomb-maker in today’s fractured landscape is certainly Brian Donnelly (b. 1974), better known as the comic-figure maker, KAWS (. . . with apologies to Takashi Murakami).

 

KAWS, Small Lies, 2020

 

It’s true, this could be a new eruption of low-brow taste (as folks have said of the emergence of KAWs and Warhol), but I don’t think that’s the case.

There’s just a whole tuna school of new-money millionaires splashing around the planet who are used to Neuromancer–style imagery — and they’re buying whatever they like.

It’s no art revolution.

It’s no change in taste.

It’s just the emergence of some delightfully new destinations for loads of disposable income.

That said, I’m confident that a cultural counterweight of historical artists will be joining marquee first-adopters like Kenny Scharf in the NFT market any minute now.

At the rate things are evolving, I’ll bet my bottom Bitcoin that as these wild, explosive, and strangely historical weeks round out the month, blockchain money will begin to chase higher-grade art commodities, just as it now chases CryptoKitties, video snippets, and original tweets.

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source https://cryptonews.wealthsharingsystems.com/2021/04/overpriced-crap-or-new-art-history-cointelegraph-magazine/

DeFi TVL quietly climbs to record highs while the NFT boom subsides

Hype cycles can work wonders for token prices and social media statistics, but they also bring increased pressure on developers to launch a functioning product that validates its rising market cap. 

As nonfungible tokens took center stage over the past six weeks the decentralized finance (DeFi) sector took a break from the spotlight as developers refined their protocols and sought out interoperable, Ethereum network alternatives.

Data from CoinGecko shows that the total value locked (TVL) on all DeFi platforms has steadily grown since the market pullback at the end of February, with the TVL for the entire DeFi sector now standing at a record-high of $74 billion.

A closer look at the list of protocols shows that some of the biggest gains over the past seven days were on protocols operating on the Binance Smart Chain (BSC). BSC has emerged as one of the go-to competitors for the Ethereum (ETH) network thanks to low fees, cross-chain capabilities, and connections to the entire Binance ecosystem.

PancakeSwap (CAKE) and Venus (XVS) have both seen their TVLs increase by more than 30% over the past week while THORChain (RUNE) and Alpha Finance (ALPHA) have increased 61% and 47%, respectively.

Top 10 total value locked  DeFi ranking. Source: Defi Llama

Notable gains from Ethereum based projects include a 26% gain in TVL for AAVE and Balancer (BAL), while the newly launched Vesper (VSP) protocol has rapidly amassed $1.64 billion over the past six weeks, reflecting a 35% increase in the the past seven days.

DeFi tokens rally higher

Alongside the rising TVL has been a rise in the token price of many of the top protocols as savvy traders accumulated during the February lows while crypto and mainstream news blasted daily coverage of the latest record-breaking NFT sales.

Data from CoinGecko shows that the total market capitalization of all DeFi tokens has also surpassed the previous highs established in February and now totals a record $98.4 billion as institutional money continues to pour into Bitcoin (BTC) and the wider cryptocurrency sector.

Total market cap of the top 100 DeFi tokens. Source: CoinGecko

THORChain again tops the list for the biggest gains over the past seven days with its price increasing 88% to a new record high of $8.89, while JUST (JST) and Akropolis (AKRO) have both increased 57% and currently trade at $0.129 and $0.076 respectively.

Bitcoin (BTC) is now eyeing the $60,000 level again and Ether trades near $2,000, prompting calls from many across the industry for an approaching price surge, as seen in the following Tweet from Real Vision Group CEO Raoul Pal: 

The market cap of the entire digital asset space feels like the break of $1.8trn is kind of a big deal. The chart pattern suggests acceleration lies ahead on that break. My guess is the whole space doubles in next 2 to 3 months. Let see! pic.twitter.com/125lTVAkNH

— Raoul Pal (@RaoulGMI) March 30, 2021

Now that the NFT craze is subsiding, traders will look for the next sector to undergo a hype cycle and DeFi looks primed to see another leg in up as token prices, transactions and the TVL is on the rise again.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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source https://cryptonews.wealthsharingsystems.com/2021/04/defi-tvl-quietly-climbs-to-record-highs-while-the-nft-boom-subsides/