After a few days of pain, the market is bouncing again. BTC and ETH are finding strength, but what’s more surprising is today’s biggest winners are DeFi blue chips. DeFi coins have seen muted price action for months now, and a strong trend could catch several who ditched the sector.
Another day, another stress test for crypto
Not a good day for Blockchains.
– Solana is currently down.
– Arbitrum went down, came back up, went down again.
– Someone tried a 550 bock reorg attack with fake PoW on Ethereum, managed to fool some nethermind nodes.
— Mudit Gupta (@Mudit__Gupta) September 14, 2021
DeFi’s time to shine?
Staring hopefully is a foolproof strategy.
Bluechip redemption arc imminent just as L1 narrative momentum momentarily begins to fade and VCs start desperately playing their usual games in jpeg land. https://t.co/NK4vj21EyU pic.twitter.com/MdVgYXnVyB
— Hsaka (@HsakaTrades) September 14, 2021
A thesis on ETH going forward
There are several things leading up to an extraordinary supply shock for $ETH
It’s getting to the point where it doesn’t even matter who sells, there is simply too much demand for block space on Ethereum
Let’s discuss! ?
— croissant (@CroissantEth) September 13, 2021