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‘MAY’ TURMOIL ANALYSIS OF CRYPTO MARKET AND THE BEST PROJECTS IN DEFI ASSET MANAGEMENT TO LOOK INTO.
DEFI ASSET MANAGEMENT IS READY TO BREAK THE RULES AND TAKE THE REINS OF NEXT BULLISH CYCLE.
In this story, I analyze the turmoil that the crypto market faced in the last two weeks as a consequence of the escalation of one of the highest volatility ever seen in Bitcoin price since March 2020 sell-off. In the second part of this article, I will highlight those projects which I consider the best protocols and products in the DeFi Asset Management since I firmly believe that DeFi will ride the next bullish cycle and will defeat the bears which are trying to take the reins of the market now.
By analyzing what happened during the past two weeks and where the crypto market is landed today, we can argue, indeed, that the market seems to be entered into a new phase, which I’d call ‘stabilization momentum’. The market seems to try to stabilize against external disturbances. Potentially, old holders could buy the ‘dip’ after that bitcoin has fallen below $40,000 and now (May, 23) is a seat at $34,000. We cannot say where it will go in the next few days. What we can try to predict, instead, is if the bullish cycle of cryptos is over or not.
