PERPETUAL PERPWETH speculative target @ fib 1.618, PERP is one of the contenders in the DeFi margin-trading-sphere.
PERP is backed by Three Arrows Capital, one of the biggest holders in Grayscale; the largest crypto-fund in the world.
It has for now 20x leverage, which is more than enough for most people.
SWTH is another contender, which will have up to 150x leverage; this is also an exchange backed by Three Arrows Capital (through Defiance),
and is my main bag for long time hold. When SWTH gets listed on an exchange that is charted in Tradingview I will make some charts;
SWTH is a hidden gem, like PERP has been, the big guys are accumulating, trying to keep it under the radar for now while final development is done.
SWTH will boast perpetual OIL-futures, GOLD, BTC, whatever the community decides to list (for a fee offcourse), and 90% trading-fees goes to stakers.
Anyway; PERP has had very good volume on it's exchange, and I believe it can easily double from here compared to BTC.
It is obvious that decentralised trading is one of the directions the market will be headed.
It turned textbook at fib 0.618 / 0,38 depending on how you view it, and I believe next target is 1.618.
This is speculative, but looking at the charts this is what I believe will happen in a mid term perspective.
Happy trading.
