WAVES Makes Waves. Crypto's "Decoupling" Continues
After Friday's "decoupling" event, the markets have mostly stayed flat (it feels like there's a lot of confusion and uncertainty in the market as a whole right now) with a few exceptions - WAVES seems to be the big winner today, followed by AXS (Axie Infinity) and ADA (Cardano). XTZ (Tezos) had a very good week this week but at least for today, it seems to be in the red.
With altcoins normally moving in parallel to each other, these trends are interesting to look at because it seems like after Friday each coin seems to have suddenly gained independence as we start to see less and less parallel motion over time. Time will tell if this "decoupling" trend continues - but so far, it seems to be the case.
By the way, if you invested in LUNA right at its rock-bottom a few days ago you would have made a 5.9 MILLION % return today. High risk, high reward. 😂 I don't recommend putting your life savings into bets like these but there is something to the idea of supporting a project during its struggles since that's often how investors make their biggest returns.
With altcoins normally moving in parallel to each other, these trends are interesting to look at because it seems like after Friday each coin seems to have suddenly gained independence as we start to see less and less parallel motion over time. Time will tell if this "decoupling" trend continues - but so far, it seems to be the case.
By the way, if you invested in LUNA right at its rock-bottom a few days ago you would have made a 5.9 MILLION % return today. High risk, high reward. 😂 I don't recommend putting your life savings into bets like these but there is something to the idea of supporting a project during its struggles since that's often how investors make their biggest returns.
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