UPDATE ON COMP
Updated
Check out my previous weekly chart. This is my wave prediction till the 9th.
DEFI has changed the game...interest is the name of the game in the financial world and it just hit the crypto world in a big way with COMP.
we might see cash ins....so 200s will be scary but this long term can hit the 500s. COMP now holds more market cap on DAI then in existants (FARMING!). look it up you dont know.
once again this is not financial advice. Good LUCK!
DEFI has changed the game...interest is the name of the game in the financial world and it just hit the crypto world in a big way with COMP.
we might see cash ins....so 200s will be scary but this long term can hit the 500s. COMP now holds more market cap on DAI then in existants (FARMING!). look it up you dont know.
once again this is not financial advice. Good LUCK!
Note
okay as of 6am east coast time /usa bitcoin has seen close to a $300 rise. how does this affect COMP?
well big investor will move money out of alts to catch the BTC wave.
This is not all bad news as the vacuum will leave us in a great entry point.
I see two scenarios,
1.) BTC will rise back up to 9500s due to a lag with the stock market and soon after coins like LINK, COMP, MAKER, and others will rise maybe for a solid 12% criteria meeting of course.
2.) Comp will stay in the 180s-$198 for 2 more days (July 9). Why? well the uptick in BTC may bring in more investor looking to capitalize on interest on the DEFI network as demand rises to capture gains on alts with BTC rise.
Note
Note
slight trend correctionNote
ignore the green up line...thats just me wishing for a spike. I'm expecting a possible break out from this current wave (sine wave).
But we need BTC to push the market cuz it wont happen on its own.
we could see the tren break once it passes channel and wave. but so far the $198 i predicted is holding true.
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