As the market sways like a delicate reed in the wind, some brave souls see this as an excellent opportunity to dive into the crypto ocean, bargain hunting at what could be a “discounted” price (or is it just the calm before the storm?).
At its current woeful state, Sonic is enjoying its lowest point of the year, having pierced through a crucial structural support with the finesse of an elephant on a tightrope. Now, dear reader, we’re at a crucial crossroads. Will the bulls muster the courage to stand tall and defend? Or will we witness the full, unhinged spectacle of a bearish catastrophe? The signs, alas, suggest that the latter is all but a certainty. The pattern of lower highs, lower lows, and weak volume paints a rather fragile portrait. 📉
Yes, you heard it right! They’ve filed for a blockchain-related trademark, because why not? Who doesn’t want to add “crypto” to their résumé? According to Bloomberg (the gossip column for finance nerds), they’re launching something called JPMD. Sounds fancy, right? It’s basically a digital version of your dollar deposits. Because, obviously, we needed another way to complicate our lives! 🙄
TRX, for those unwilling to type the whole name, hovered around $0.2790—ever so slightly above this week’s lower depths of $0.2670 (call it a near-death experience, with less melodrama). It’s up 40% from its rock-bottom start of the year, so at least someone’s having a good 2024. Probably not your plants, though. 🍃
Fast forward three years, and here comes Cycles, a privacy-preserving clearing protocol, strutting onto the scene like a peacock in a tuxedo, attempting to lay the groundwork for a sustainable credit market. It’s as if they’re saying, “Fear not, dear traders, for we shall rise from the ashes of liquidity crises!”