Ten Telltale Signs Of Stocks Topping Resemble DeFi And Crypto
The stock market bubble is popping, according to most top economists and financial analysts. In a new note to investors, a well-known capital manager has revealed the ten telltale signs that the stock market has indeed topped. But it is the fact that these signs also match the recent DeFi trend that took over crypto in the last several months that should have cryptocurrency investors spooked. If DeFi and crypto are also in a bubble […]
Related News
If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the old adage “it could never happen here,” many economists expect the increase of rent controls and hyperinflation to ravage the U.S. and many other powerful countries. Countries That Allow Massive Stimulus Injections Will Face Serious....
Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says. Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble.In a Nov. 17 interview with Russia’s news agency RBC, Zhao argued that “a lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that DeFi will eventually disappear entirely.”Zhao went on to say that the DeFi industry has a lot of....
The decentralized finance (DeFi) ecosystem will introduce leveraged trading of US stock prices via its gTrade trading platform. Gains Network, a fully-fledged DeFi ecosystem, is launching its beta version of on-chain leveraged trading of US stock prices on gTrade, a decentralized trading platform. The beta launch will start off with three US-listed stocks namely $AAPL, $GOOG, and $FB, a statement from the Gains Network team reads. More US stocks are set to be added to the platform following a successful beta testnet period, it added. Announced Tuesday, May 3, the launch of leveraged....
Bitcoin has seen a slight retrace this morning, with bulls being unable to break above the immense selling pressure that exists around $16,000 Today’s move lower has been somewhat slow and has yet to force the crypto below any crucial level One trader is now offering a somewhat grim outlook on the cryptocurrency, noting that he is expecting it to see one more impulse higher before topping and posting massive losses He is particularly looking […]
Sky high gas prices may make synths more costly than the real thing. Decentralized finance protocol Kwenta has launched a series of synthetic tokens for popular stocks — but current gas prices could make trading them more expensive than buying the real thing.In a blog post on April 23, derivatives trading protocol Kwenta —an Ethereum dApp which is powered by Synthetix — announced the listing of various synths that track the prices of stocks from the top five tech firms known by the acronym FAANG. These comprise Facebook, Apple, Amazon, Netflix, and Google. Tesla was already available and....