Watch this short video to get Andy´s on what’s bound to happen next! LFG!
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DeFi Slate Fam:
The market is absolutely roaring and people are getting very excited. It’s crazy how the sentiment of investors in speculators can shift on a dime from bitcoin is going to $12K to bitcoin is going to $40K in a matter of minutes.
What I am most excited about personally is the fact that ETH is now in the deflationary phase again, after market activity has recently picked up the amount of ETH burned has increased significantly. There is a meme that is ultrasound money and that is the best way to describe it.
Ethereum just recently hit 500,000 validators before the upcoming Shanghai upgrade…bullish!
However, the question remains: Are we in a new bull market or are we in what people like to call an Echo Bubble? In today’s video I’m going to break down a few important charts as well as some narratives and things to keep your eye out on while assessing the state of things I’m currently very excited about the state of the NFT market specifically, pudgy penguins, as well as the state of OG defi tokens.
Watch this short video to get my take on what’s bound to happen next! LFG!
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