SoftQuant

28:25

SoftQuant

The crypto market is maturing to the point of clear winners and losers within the application space. The chain level has proven in 2024 not to be decided with the consistent growth of SOL Within the different chains though we have still seen winners seperately themselves from the losers. The winning applications? Usually theyve been in three fields. Validating....

05:10

SoftQuant

Tron has been a major overperformer with catching a niche in the growing stablecoin market. While BNB has been losing market share both in its chain and with its exchange.. BNB does still look strong. It does still share an ongoing fractal with TRX. It does look like relative to its weaker performance itll grow. I suspect TRX will pull BNB into a breakout of...

07:32

SoftQuant

Solana space obviously leading this altcoin market and has been for a while now. The Tron breakout of all time highs does undermine SOL somewhat but not really the Solana space. With Solana space breaking out like it did so aggressively at the end of 2023 was the first rotation of BTC gains. I think its quite possible that Solana space gets first rotation of...

07:09

SoftQuant

TRX was especially strong this bear market. It was able to steady itself from falling too far. Similar more to Bitcoin then other alts like Solana. TRX fell around 74% in the bear market like BTC. SOL fell more like 94%. TRX now 150% above old highs and SOL below old highs. This is not to take anything away from SOL but comparing TRX to the other strongest alt...

05:26

SoftQuant

Without a doubt in my mind Solana was the altcoin that led crypto out of the bear market. In many metrics it has become the best performing chain. Raydium, Jito, Jupiter and others inc Phantom have be key players in this. Now capital is clearing rotate away from the gains made in Solana to non Solana areas. Perhaps we see further rotation throughout crypto...

06:54

SoftQuant

Babylon has quickly gone from $0 in tvl to SEED_TVCODER77_ETHBTCDATA:1B now +$2b. This liquidity being provided to defi could take away a key value proposition of Ethereum vs other chains. As best seen with Solana and its competitive dex volume to Ethereum.. Ethereums key advantage is deeper liquidity than Solana. Should Babylon allow chains to tap into...

13:11

SoftQuant

Uniswap is already one of if not the leading application within defi. That is just as a dex. I believe that dexs have the most flexibility when it comes to crypto as it has the holy trinity of high users, volume and liquidity. Helpful for financial market application. If Unichain is a successful launch then Uni could become the centralising app within...

12:15

SoftQuant

Defi is dominated by four sectors. Chains. Staking. Dexs. Lending. Those four sectors cover majority of crypto space today. Together they create a liquid financial market. Tomorrow they may help spawn an emerging sector like ai, gaming, metaverse, nft, depin, etc into a dominate industry. Unfortunately for many those emerging sectors have yet to become dominate...

12:21

SoftQuant

XRP has been dying for years Relative to the space XRP has been a bad hold. In the last bull run it underperformed BTC and of course many others. It also underperformed its own previous high. Pattern is similar to previous mega run The lower high pattern is similar to what it made before its last mega run in 2017. It did top out late and was a market...

05:56

SoftQuant

The Sui chain is trying to enter BIG4 category Since October last year its been clear that the BIG3 are Eth, Sol and BSC. BSC has been losing market share since 2021 but is still dominant to second tier chains. Out of the second tier chains Sui has been growing. Now competitive with only Avax.. Sui is trying to make its way into becoming apart of the BIG4 if...

07:53

SoftQuant

Aave is dominanting the Ethereum space Looks like Aave is pulling away in terms of Ethereum lending protocols. It may continue this trend of dominance. Of course things could change within ethereum but if the trend continues then perhaps their competition will lay outside ethereum. Solana massively grew its footprint Solana may have had its issues whilst...

11:50

SoftQuant

Aave has moved into newly appeared weekly 200ma This beautiful structure we refer to as an apex setup. While first test may need a bit of support.. the technical setup looks great for aave to eventually breakout above this apex and run very nicely. Aave fundamentally is obviously performing incredibly well relative to the space. As eth experience influx of...

02:27

SoftQuant

OCEAN, FET and AGIX look to be migrating to ASI This is a very interesting move as we see the market began a wave of M&A. It is important to keep an eye on these developments and can be a sign of industry about to send it higher. OCEAN opportunity With OCEAN being on OP it offers a low cost gas fee to buy into. It looks like it will have the lowest...

SoftQuant

Coinbase released a chain called BASE BASE has been performing alright as a chain in relative standing. On a day to day basis its sitting roughly around 10th place in terms of overall dex volume. Behind chains like Eth, BSC, Sol, Arb and 5 others. This chain is a nice money maker for Coinbase as a company and is something Coinbase is likely to try hard to...

SoftQuant

SUI is challenging for being apart of the big4 independent chains Behind Ethereum, Solana and Binance Smart Chain is now SUI in terms of 24hr dex volume. While Arbitrum is still stronger as a layer 2 for Eth it is not an independent chain like the others. This strength by SUI is interesting in and of itself but as CETUS is dominanting the SUI dex space volume...

SoftQuant

ETHUP is a leveraged token It is a dangerous and risky spot product that is a coollection of futures exposure. Leveraged tokens do have baked in decay and inherent risks. They ultimately go to essentially zero. However, when there is strong upwards momentum then leveraged tokens can benefit shorter term holders without risk of random wicks liquidating entire...

SoftQuant

Stophunt of old points of resistance and support can often lead to a reversal Now that price has grabbed potential liquidity and stops set for previous lows.. price can now reverse. ETHBTC has hunted that liquidity grab or stophunt as we call it. That gives it room to now reverse. Failed breakdowns can fail fast If this breakdown does fail then have to be...

SoftQuant

DYDX is a well used derivative DEX Can check on tokenterminal the fees being generated and the daily users on DYDX. It is gaining traction and should get a whole lot more come bull market. Very strong fractal As QTUM did previously, DYDX has fallen a lot since launch. However after 100ma appeared on the weekly timeframe and price was able to catch it......