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The fading downside pressure of the crypto market in general is projected to create a better environment for investors. Looking at the digital asset from a Coinbase analyst perspective of whom has listed several factors that will be an influence to this market behavioral change. With the several collapse of CEX, and the crypto lending platform Celsius of whom is currently facing some financial troubles.
In a term paper, which he notes that there are several technical factors that are pressuring the king crypto “bitcoin” and that these factors are starting to wear out. The bitcoin ETF which was just recently been approved as witnessed some new all time high, as the avenue has brought inflow of cash into the cryptocurrency market.
In this whole situation we still optimistic about the federal reserve losing its position on monetary policies, another factors which we the crypto community look forward to this year is the bitcoin halving which miners rewards are cut in half.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura