OKEx Preparado para Reiniciar Retiradas de Bitcoin

Troca de moedas criptográficas chinesas OKEx está planejando reiniciar as retiradas em Bitcoin. A empresa parou as retiradas em outubro depois que seu fundador foi levado sob custódia pela polícia. Espera-se que as transações de saques comecem até 27 de novembro.

A suspensão temporária chega ao fim

A OKEx suspendeu a retirada da Bitcoin em 16 de outubro depois que seu fundador, Xu Mingxing, foi preso pela polícia. Isto provocou discussões na comunidade de criptográficos chineses, pois as pessoas se perguntavam como e quando as retiradas seriam retomadas. Entretanto, agora que a Mingxing foi libertada, espera-se que as retiradas sejam retomadas até 27 de novembro.

A OKEx divulgou uma declaração sobre as retiradas, dizendo,

„Atualmente, um dos titulares de chaves particulares da OKEx concluiu a assistência às autoridades em uma investigação previamente referenciada… [a troca] irá, portanto, [reabrir] retiradas irrestritas até 27 de novembro de 2020“.

A troca disse anteriormente que decidiu suspender as retiradas de ativos digitais, no melhor interesse dos clientes.

A prisão foi provavelmente em conexão com a listagem de porta traseira do Grupo OK em 2019 em Hong Kong. A OKEx tem trabalhado separadamente da Bitcoin Circuit e do Grupo OK desde 2017. Ela está sediada em Malta e liderada pelo CEO Jay Hao.

A indústria de criptografia chinesa em apuros

As últimas semanas têm sido muito difíceis para os mercados de criptografia chineses. De acordo com o diretor de marketing no exterior da B.TOP e BTC.TOP, Ding Han, os eventos causaram muito pânico entre os entusiastas de criptografia no país. OKEx é uma das principais trocas de criptogramas no país e sua suspensão de retiradas tem impactado significativamente as pessoas.

A troca também está planejando lançar uma campanha de recompensa de fidelidade do usuário para expressar suas desculpas aos clientes. A equipe da OKEx disse que será uma marca de sua gratidão e desculpas para a comunidade.

A troca disse que sempre manteve 100% de reservas por causa das quais poderá iniciar todas as retiradas sem nenhuma restrição.

Canadian Miner Bitfarms släpper Q3-förlust trots högt Bitcoin-pris

Bitfarms Q3 2020-siffror visar förluster från kvartal till kvartal.

CAPEX och Bitcoin-halveringshändelsen hade negativa effekter på dess lönsamhet.

Kvartalet slutade den 30 september, strax före BTC: s dramatiska uppgång.

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Den kanadensiska gruvarbetaren Bitfarms släppte finansiella resultat för tredje kvartalet den 26 november, vilket visar en förlust för perioden. EBIDTA var en förlust på 0,3 miljoner USD för kvartalet som slutade den 30 september 2020.

Bitfarms bruttoresultat och marginal blev båda negativa jämfört med föregående kvartal för kvartalet. Några niomånadersresultat lyckades emellertid fortfarande förbättras på årsbasis.

Omsättningen för tredje kvartalet 2020 minskade med 30% jämfört med föregående år, från 9,7 miljoner dollar till nästan 6,8 miljoner dollar. Jämfört med andra kvartalet 2020 minskade intäkterna med 7,7%. Bruttomarginalen sjönk jämfört med föregående år för kvartalet från 67% till 26%.

Företagets nio månaders bruttomarginalnummer var lite bättre, med marginalen från 62% till 38%.

Varför och maskiner

De försämrade siffrorna, hävdar Bitfarms, berodde till stor del på Bitcoin-halveringshändelsen den 11 maj 2020. Under tiden växte CAPEX till följd av en större uppgradering som också var avsedd att sänka driftskostnaderna.

Bland andra åtgärder uppgraderar Bitfarms sitt gruvmaskinkomplement på sina fem gruvplatser i Quebec. I ett pressmeddelande från oktober meddelade företaget att det hade slutfört leasingavtal på nya gruvmaskiner som skulle installeras i slutet av november.

Dessutom gav utgåvan insikter i företagets verksamhet. Hashskapaciteten ökade med 55% eller 431 pentahash (PH) under nio månaderna 2020.

Företaget hyrde eller köpte 5 800 gruvarbetare i WhatsMiner M20- och M31-serien och kommer troligen att tillkännage tillägget av ytterligare 504PH i november och december

Sydamerikansk makt
Bitfarms planerar att expandera till den latinamerikanska regionen inom en snar framtid, och företaget arbetar för att sänka kostnaderna, inklusive elpriser.

Den tillkännagav den 26 oktober att den hade säkerställt den ”exklusiva” användningen av upp till 200 MW el i Sydamerika, i genomsnitt prissatt till 0,02 $ per kilowattimme (”kWh”) från en privat energileverantör.

Företaget undertecknade ett icke-bindande samförståndsavtal med producenten.

Bitcoin trender i et sentralt territorium, vil det bryte eller holde på?

  • Bitcoin-sving innen $ 15,150 og $ 15,350 har skapt en avgjørende fase der en mulig brudd eller sammenbrudd kan forventes
  • Tvert imot viser de to årene Bitcoin-dynamikken, at eiendelen opprettholder en bullish trend enn å være bearish.

En liten korreksjon ventet

De siste par dagene var ikke fruktbart for Bitcoin ettersom prisen gled dårlig på grunn av noen eksterne faktorer. Imidlertid klarte BTC-prisen å øke over $ 15 000 000 innen en liten tidsramme.

Foreløpig ser Bitcoin-prisen ut til å ha trendet i et veldig betydelig område som kan resultere i enten et breakout eller en bratt krasj.

Som du kan se timekartet til BTCUSD, konsolideres BTC-prisen mot en mulig sammenbrudd. Videre har det blitt avvist på $ 15.500 og flere ganger på $ 15.450 og opprettholdt sterkt innenfor trekanten.

Derfor, med tanke på teknisk analyse, kan det spekuleres i at Bitcoin-prisen kan komme inn i en korreksjonsfase som kan trekke tilbake prisen nær $ 15.000 eller kanskje også under. Imidlertid er bitcoin-oksekjøringen i de kommende tider nært forestående.

Bitcoin’s Bullish Trend siden 2019

Bitcoin kan betraktes som en av de konsistente eiendelene blant de andre kryptoene. Siden boble sprakk i 2018, viser Bitcoin en sterk fasthet for å følge den bullish trenden i stedet for å falle i bearish brønner.

En anonym finansrådgiver og bankmann ved navn Crypto Wolf nevnte også det betydelige skiftet i dynamikken siden februar 2019.

Derfor vurderer vi den nåværende Bitcoin-prisen som er malt rød ved å miste 2,89 prosent på $ 15 271, og den tekniske analysen forventes at prisen vil gli ned ytterligere. Men med tanke på Bitcoins dynamikk de siste par årene, er det kjent å komme seg i en veldig liten tidsramme.

BBVA highlights the approval of the project for the creation of the financial sandbox in Spain

BBVA believes that Spain is at the forefront of countries with fintech testing environments

In Spain, a news item recently became relevant, in relation to technological financial services, with the recent approval of a project for the creation of a test sandbox. This was indicated by BBVA on its website, where it also stated that Spain is at the forefront of countries with fintech testing environments.

„The financial business does not stop changing. Traditional banks have been embracing technological initiatives for years, ranging from contactless payment, mobile apps, biometrics or artificial intelligence to improve their business. And many of these disruptive changes have their origin in the fintech sector,“ they explained.

The Spanish Senate approves the law for the digital transformation of the financial sector
„In just 10 years, investment in companies specializing in financial technology has risen from $9 billion worldwide to $137 billion, according to Statista,“ they later added.

On the other hand, from BBVA they stressed that the advances also require a new regulatory framework or the adaptation of the existing framework. „For this reason, several countries, including Spain, have taken the initiative and have created or are creating testing grounds for innovative financial service providers, whether banks or technology firms, to enable them to experiment under a secure umbrella. Always under the supervision of the financial regulator, while the applicable regulatory framework is being clarified“, they published on the BBVA website.

Six keys to understanding the Spanish financial sandbox
Approval
In Spain, the Senate’s Committee on Economic Affairs and Digital Transformation has definitively approved the law for the digital transformation of the financial sector, which includes the development of the Sandbox, once it is published in the next few days in the Official State Gazette. This was reported to Cointelegraph en Español by the Spanish Association of Fintech and Insurtech (AEFI), in a statement.

Precedents
The United Kingdom or Hong Kong have set precedents with this type of initiative, although in Latin America they have also worked on regulatory issues. „Brazil or Mexico are some of the countries that lead different regulations and sandboxes in the fintech world. Alongside them are other nations with their own approaches, such as Colombia or Peru. Each territory, with its own proposals and approval rates, is moving towards the introduction of this new tool,“ said BBVA.

The Commission approves the project for the digital transformation of the financial system in Spain
Expectations
On October 5, BBVA also highlighted an entrepreneurial meeting called the South Summit, which was attended by Gonzalo Rodríguez, BBVA’s business development director in Spain, who said: „Today, more than ever, it is key to continue to invest in innovation and entrepreneurship. We are very much looking forward to the new sandbox law. This project contributes to placing Spain at the forefront of the EU and to positioning the country as a centre for innovation and attracting talent at a global level“.

„The sandbox is the definitive boost for accelerating innovation in financial services in Spain,“ said BBVA’s director of business development in Spain.

China law wants to legalise Digital Yuan and ban companies from issuing competing currencies

The Central Bank of China (PBoC) announced on Friday (23) that it is seeking public feedback to review its current legislation. The institution’s proposal is to legalise digital yuan, but to ban the circulation of digital tokens backed by the country’s official currency like Bitcoin Investor.

The revision foresees that the renminbi will take on the format „both physical and digital“, which may pave the legal way for the long-awaited implementation of China’s digital currency, as the website The Block notes.

It is worth mentioning that the Renminbi is the official name of the currency circulating in China, while yuan is its unit of measurement.

Recently, the PBoC has been testing its digital currency/electronic payment (DCEP) in some Chinese cities. When it is in full operation, it may become the first digital currency in the world to be issued by a Central Bank. In comparison, it is as if Brazil is launching a ‚digital real‘ in digital currency format.

In addition to the proposed legalisation of digital yuan, the draft revision of the law suggests that no citizen or company may issue tokenised banknotes or digital tokens to replace the circulation of renminbi in the market.

„Anyone who violates such regulations will have their activities interrupted and any revenues from digital tokens blocked,“ the proposal states. Violators will also have to pay a fine of up to five times the amount involved in illegal operations.

The current version of the law governing the PBoC has been in force since 2003. The text determines the bank’s role in issuing sovereign currency as well as in designing and implementing monetary policies to maintain the country’s financial stability.

Chinese citizens will have until 23 November to send feedback on the bank’s proposed changes.

Bitcoin News Today – Manchetes para 3 de outubro

  • Bitcoin manteve sua posição apesar de várias notícias de baixa esta semana
  • O preço da Bitcoin não é afetado pela série de notícias negativas no espaço criptográfico
  • O varejo e os investidores profissionais ainda estão em alta no Bitcoin

Bitcoin News Today – A estabilidade da Bitcoin durante toda uma semana movimentada mostra que os comerciantes estão confiantes de que a tendência de alta em breve será retomada. O preço da moeda digital parece estar à beira de fechar mais uma semana abaixo do ponto de barreira de 11 mil dólares. Entretanto, considerando os principais eventos que ocorreram esta semana, as coisas poderiam ter sido muito piores.

O Bitcoin manteve sua base independentemente das más notícias no espaço Crypto esta semana

A moeda digital mais dominante do mundo por capitalização de mercado manteve sua posição, pois a KuCoin anunciou que mais de 150 milhões de dólares de ativos foram roubados da plataforma de negociação. O preço da moeda digital só tropeçou um pouco depois que o CTFC revelou que uma ação legal estava sendo tomada contra o câmbio BitMEX.

A Bitcoin ainda manteve sua posição quando os futuros S&P 500 e DOW mergulharam após o anúncio de que o Presidente dos Estados Unidos – Donald Trump – havia contratado o Coronavirus. No passado, seria necessário apenas um desses eventos para enviar o preço da moeda digital para baixo em mais de 10%. A Altcoins teria até sofrido mais perdas.

Marcel Pechman – um colaborador da Cointelegraph – disse que a resiliência da Bitcoin a notícias negativas significativas indica que o varejo e os investidores profissionais ainda estão em alta na moeda digital.

Pechman acrescentou que o aumento da alta para $12k poderia vir mais rápido do que os investidores esperavam. Como tem sido o caso da semana passada, a BTC tem negociado em uma faixa apertada, e tem se mantido acima da marca de US$ 10.500.

O VPVR no gráfico diário mostra uma grande diferença de US$ 1.450, que é o comprimento da vela de 3 de setembro, onde o preço da moeda digital mergulhou de US$ 11.400 para US$ 9.950. Desde então, a moeda digital mergulhou em cerca de 13%. Na hora da imprensa, o RSI está ligeiramente acima de 45 e o MACD está à beira de rolar sobre a linha de sinal à medida que o volume de vendas aumenta.

A corrida em touro do Bitcoin pode vir mais cedo do que se esperava

Em relação à gama atual da moeda digital, olhando para o período de 25 de maio a 20 de julho, o preço foi comprimido dentro de um triângulo simétrico semelhante, antes de subir 36% para sua alta anual de $12.480 até o momento. Com a reação da Bitcoin às recentes notícias de baixa, a próxima grande corrida de touros está logo ao virar da esquina. Se isso acontecer, a Bitcoin ainda precisará limpar o ponto de barreira de 11.400 dólares. Como tal, é necessário um pico de alto volume para obliterar todos os obstáculos aéreos.

Bitcoin-prijsvoorspelling: BTC in moeilijkheden, analisten

De laatste Bitcoin-prijsvoorspellingen komen sterk naar voren voor een waarschijnlijke prijsdaling.

De koning van de cryptocurrency Bitcoin BTC zag op 8 oktober een prijsstijging van $10600 naar $10900 springen. De volgende dag zag het de prijs weer stijgen tot de $11000 en sindsdien handelt het boven die grens.

In de laatste 24 uur zag de Bitcoin Rush enige schommelingen dalen tot de $11222, terwijl $11200 nog steeds een sterke ondersteuning is. Na de dip zag Bitcoin een flitsende stijging naar de $11400 range.

Bitcoin-prijsvoorspelling: BTC in moeilijkheden, analisten 3Bitcoin-prijsvoorspelling

De Bitcoin-prijs was 24 uur hoog op het moment van schrijven en het laagste punt was gemarkeerd rond de GMT-tijd van de middag op de $11222, terwijl de prijs het hoogst was gemarkeerd op de $11700. We kunnen het hoofd en de schouder zien stijgen rond dezelfde tijd en volgens het patroon heeft de Bitcoin-prijs voornamelijk gehandeld onder de $11500. Op het moment van schrijven staat de Bitcoin-prijs op $11520 mark.

Crypto-donatie: Amerikaanse presidentskandidaat, Jo Jorgensen opent voor donatie in Bitcoin…
Stabiele muntregeling: G20 roept op tot implementatie van reguleringsnormen
Ripple’s CTO, David Schwartz betreurt het verkopen van 40.000 ETH voor $1 per stuk.
Etherische prijsvoorspelling voor $400 is op

Bitcoin-prijsvoorspelling: Wat verwachten de analisten?

Handelsanalist BitcornBern legt in zijn Bitcoin-prijsvoorspelling uit dat de huidige high slechts een fake out is en dat de king of cryptocurrency misschien wel terugvalt naar de $9500 mark.

De analist legt uit dat ondanks dat de prijs omhoog gaat, er waarschijnlijk een vals spel in actie is. Hij baseert zijn analyse op de zwakke Relative Strength Index (RSI) resultaten, die een verborgen bearish divergentie op de dagelijkse schaal laat zien. Hij ziet verder dat het handelsvolume ook krimpt in plaats van toeneemt, wat een reden te meer is om een nepmarktzwaai te verwachten. De koersactie is echter nog niet uitgespeeld.

Een andere befaamde Trading View analist Solldy legt in zijn prijsvoorspellingsgrafiek uit dat de koning op het moment van schrijven erg wankel is en zeer waarschijnlijk een terugval zal zien naar de huidige ondersteuningsniveaus onder de $11000 range.

Solldy gelooft dat de cryptocurrency waarschijnlijk zal dalen tot de $11300 steunniveaus in het huidige scenario en als het er niet in slaagt om dat niveau te handhaven kan het verder dalen tot de $10900 steunniveaus.

BitcornBern en Solldy zijn niet de enige analisten die een daling verwachten, Compatible Trading System legt ook uit dat een bearish move zeer waarschijnlijk gebaseerd is op een bearish butterfly patroon dat zich vormt op de grafieken.
Bitcoin-prijsvoorspelling: BTC in moeilijkheden, analisten 6

Systemen verwachten echter een lagere daling in de richting van de $11098, gebaseerd op het bearish vlinderpatroon dat zichtbaar is op de drie maanden durende Bitcoin-grafieken.

Legend Trader 1980 biedt de handelaren enige mentale opluchting door uit te leggen dat er een bearish divergentie is op de 4-uurs koersgrafieken. Hij legt uit dat de king of cryptocurrency momenteel handelt in de oververkochte zones, dus een dip naar $11087 mark is zeer waarschijnlijk, maar dat zal niet het einde zijn.

Bitcoin-prijsvoorspelling: BTC in moeilijkheden, analisten 7

De legende gaat dat de Bitcoin-prijs na de verwachte correctie weer gaat stijgen en naar de langverwachte $12000 hoogte gaat. Hij verwacht dat de prijsactie zich in een langzaam patroon zal afspelen in plaats van in een flitscrash. Gezien de huidige marktinstabiliteit en mogelijke FoMo die tegen de prijsstabiliteit van Bitcoin werkt, wordt voorzichtig handelen geadviseerd.

Análise de preço de curto prazo do Bitcoin

Isenção de responsabilidade: as conclusões do artigo a seguir são a opinião exclusiva do redator e não devem ser tomadas como um conselho de investimento

O Bitcoin aumentou 8% nas últimas 48 horas, um número que não é incomum para um ativo volátil como o Bitcoin

No entanto, o aumento incluiu 2-3% de velas com consolidação separando-as. Até o momento, o Bitcoin ainda se encontrava na referida consolidação, com seus gráficos apontando para uma tendência de alta no curto prazo.

O gráfico de uma hora em anexo para o Immediate Edge retratou a formação de uma flâmula de alta, que indicava uma meta que estava a uma onda de 3,40%. No entanto, com o preço da criptomoeda se consolidando e alimentando confusão e caos, o preço do Bitcoin pode ser pressionado de qualquer maneira.

Embora fosse um padrão de alta por natureza, havia a possibilidade de os ursos assumirem o controle, levando a um dump e à formação de um padrão Bart. Esse padrão de Bart ameaçaria desempenhos futuros e prejudicaria também as ondas passadas.

Além de a posição de Bart ameaçar o desempenho do preço, parecia haver uma falsificação que poderia ser tão prejudicial quanto um padrão Bart

Portanto, deve-se ter cuidado antes de entrar em uma posição comprada e deve-se empregar o stop-loss adequado.

Uma posição comprada com uma entrada no preço do momento da imprensa [$ 11.354] e um stop loss em $ 11.266 [na base da flâmula] seria o suficiente para absorver quaisquer movimentos voláteis de curto prazo.

O pólo da flâmula indicou que os níveis teóricos de take-profit estão em $ 11.753 [um aumento de 3,74% em relação aos níveis de preços do tempo de impressão]. Como esse é um cenário de tudo ou nada, é preciso cuidar também das desvantagens.

Portanto, se o preço principal diminuir para formar um padrão Bart, existem dois níveis de suporte importantes, conforme mostrado no gráfico acima. A primeira zona varia de $ 11.104 a $ 11.014. E, embora improvável, a segunda zona varia de $ 10.945 a $ 10.832.

No momento em que este artigo foi escrito, o preço já havia confirmado um rompimento para cima. Portanto, ansiando por [$ 11.416, uma resistência imediata] também renderia lucros semelhantes.

The news of Trump’s positive Covid-19 swab increases uncertainty among financial operators who entered on mode for risk aversion.

All the financial markets, except for gold and silver precious metals, have immediately reacted negatively, with declines of even more than 2%, as well as the Nasdaq technology index.

The subsequent upward reactions that are characterizing these last few hours with evident price fluctuations, make the volatility fly with the VIX index jumped over 6%.

This characteristic will most likely characterize the markets trend, and consequently also the cryptocurrency trend, for the next days and weeks.

Among the first 100 capitalized only one positive sign in countertrend, that of Hyperion (HYN) rising just above the percentage point.

A step backwards that if it should continue until closing for Bitcoin will mark the third consecutive day downward, a condition that has not occurred since the end of June.

Among the Bigs the black jersey is for Chainlinkk (LINK) that falls more than 12% from yesterday’s levels, falling below $9 and canceling half of the increase achieved last week pushing prices to recover the $11. Widening the scenario, the worst falls of the day are blamed by the tokens of the DeFi ecosystem. They sink over 15% for DFI.Money (YFII), UMA, Yearn.Finance (YFI), SushiSwap (SUSHI), Uniswap (UNI), Synthetix Network Token (SNX) and Band Protocol (BAND).

Despite the sharp downturns, decentralized financial projects are falling just under $11 billion. This is due to the collateral that remains blocked as collateral for the various assets. The number of tokenized Bitcoins rose over 137 thousand, recording a new record.

The total volumes jumped more than 30% in the last few hours and are back above $150 billion. The dominance of Bitcoin is strengthened, rising above 58%.

Bitcoin (BTC) is affected by Trump

The descent of the last few hours reports prices to test area 10400 USD, the first of the two short media considered by operators in options. A possible break would project the prices to the test of the next one in area 10,200 USD, a threshold to defend in order not to open up spaces to decrease that would not find resistance until the support of 9,650 USD.

The latter remains the real support to break down in order to reverse the long-term uptrend that began in mid-March. On the uptrend it is necessary to resume 11,100. Any price fluctuation indicated, both upward and downward, will continue to cage prices within the side channel that has been present since mid-September.

Ethereum (ETH)

Today’s downturn rejects the quotations to revise to 335 USD, the lowest level in the last eight days. For Ethereum it is necessary not to lengthen the decline beyond 315 USD, support that since the beginning of September has already rejected the breakthrough attempts twice.

This level of support and strikes is considered by option traders to be the real support to be violated to reverse the long term uptrend and where the uptrendline that combines the rising lows of the last seven months passes. Upwardly, the recovery of prices above 390 USD remains decisive.

1,000 ETH for a GIF? This new DeFi portal pays huge sums of money for memes

In 2017, CryptoKitties was one of the most popular applications on Ethereum – digital works of art that could be traded and bred in search of rarer creatures.

The idea behind these on-chain kitties was that you could use them to show that they had a certain character, much like people with wealth who flaunt their art collection.

While the importance of the CryptoKitties quickly declined after the Bitcoin and Altcoin markets peaked in late 2017 and early 2018, the circle appears to be coming full circle with another round of Ethereum- based digital art .

Rarible Gaining Pace – Crypto Influencers Share Their „Artwork“

Over the past few weeks, both crypto Twitter influencers and artists involved in the crypto space have gotten heavily involved in Rarible – a digital marketplace where creators can issue and then distribute non-fungible tokens and receive commissions.

One of the platform’s biggest sponsors is „BlueKirby,“ the pseudonymized sponsor of Yearn.finance known for their hilarious interactions with the DeFi room. He sold a work of art created by “Wrong Nebula” for 100 ETH, in which DeFi images were transferred to a painting of the Last Supper.

According to Messari , Rarible has reached a point where the company has handled over $ 5 million in sales this month – well above its $ 2,300 in June.

Much of the recent hype surrounding Rarible appears to be related to the RARI token being distributed to users of the platform.

Rarible isn’t the only platform for NFTs. There are other projects like MEME and Makersplace that act as platforms for users to shape and distribute digital art.

Just a short term meme?

While the NFTs now have the wind in their sails, a pseudonymous crypto-commentator and DeFi analyst posits that it may just be a short-term „meme“.

He has the Tweet below on September 19 published and commented on how quickly the tide has changed in the Cryptography and especially DeFi lately.

There was the hype about the rebasing of coins, which triggered a 5,000 percent increase – first in Ampleforth, then at Forks and Based. This quickly subsided, leading to corrections to AMPL and other tokens.

Polkadot-based projects like Polkaswap and others gained traction due to the high transaction fees and slow transaction times of the Ethereum network.

Farming projects like Kimchi, HotdogSwap, and obscure food coins could spread quickly as they offered obscene yields for short periods of time.

And now here we are, with the NFTs.

A key theme running through all of these trends is: They only lasted for a short time – and after the money stopped flowing, income and returns in each of these subsectors quickly became depleted.

To illustrate how quickly these trends have come and gone, the AMPL spike was in late July – basically no time at all in a macro market cycle.

That’s not to say the NFTs are the next food coins. What the trader is saying is that in this market cycle, DeFi investors are apparently inclined to throw in the gun if there are signs of a better investment opportunity – even if that means giving up a fundamentally viable idea.