#PEPE taking back the gainsAfter smashing the 1 billion dollar mcap
There was a euphoric blowoff ... peak shilling, peak hype (most likely)
I saw ppl losing money both long and short via newly introduced perpetuals :(
#Crypto's regularly correct 80% as we know.
Cryptobanter
APTOs is taking the place of SOLANAMuch has been said about the dramatic increase in the price of APTOS this year. Surely it looked like a good short ... as @cryptomanran said, it is up 100s of percent. But, when you consider the price behavior of Solana during this time, regress the two against each other or against ETH ... You will see that it has really been a typical pattern that indicates a bullish bet is being made for APT in favor of SOL ... look at the way they trade and you will see them get jiggy when we approach the level of 0.60 - 0.62 for the ratio of APT to SOL (APT/SOL). Seems like some big Solana bag holder is doing the swap. Not investment advice ... just what I am working on right now.
ATOM-BTC has broken out of 3-4 month downtrend, now re-testingATOM-BTC ought normally be on a 20-30 degree downslope to account for tokenomics. ATOM outperforms BTC by 20%+ per year when price ratio is unchanged. We seem to have broken out of the last 3-4 months downtrend. See now that ATOM-BTC is coming back to re-test. ATOM is one of those rare mid-to-high yielders which can hold pace on a price basis over periods of time.
Q: How do you keep a COSMO bull in suspense?
A: I will tell you tomorrow.
