Crypto Shakes; DXY Marches

The positive atmosphere in crypto is gone, the investors are "cautious" and the uncertainty is high.

This is the condition when we see massive red or green candles in the market. However, the hardest part is to spot the direction to grab the potential gains. After the recent ATH of 73K, the bears started to outperform the bulls in the candles.

According to the liquidation chart by CoinGlass, significant numbers of longs got liquidated with a test to below 68K. However, the chart also speaks out that 72K+ needs to be re-tested as there are juicy liquidation prices to hunt the short positions, too.

By looking at this weekly chart, we may expect 67K+ test to an uptrend that goes beyond 72K if the market maker wants to hunt both position takers.

Since the volatility has risen in wild crypto conditions, altcoin investors may experience a stronger hit on their positions. That's the reason why the management of both long-term and short-term bags matters a lot.

Aside from the price actions, there are some updates to discuss in altcoins and the presence of giant institutions.

The shareholder economy is built upon making your customer a part of your business by sharing a small percentage of your gains.

The ad revenue model by Twitter and InLEO is a great example of how to grow a project by making the last person a stakeholder in your dream project! Similarly, Telegram disclosed that the team is going to distribute ad revenue that the app generates via the advertisements on the companies.

The best part of the news is that TON coin will be used to reward the channel owners as a "utility" token. An investor who wants to use TON coin to share ads or get TON rewards from the ads will be using TON coin on Telegram. Considering the scale of Telegram app, this is a massive improvement from the side of TON network 🔥

Meanwhile, Solana ecosystem is still on fire. Recently, IMARO coin which refers to the election winner municipal in Turkiye went to the moon. Also, SMOG coin's airdop is active. With 52K followers and a pretty low market cap, it is one of the promising meme coins on Solana.

While there are great updates on Web 3 projects, we need to keep an eye on what is cooking on the side of institutional investors that have become an inseparable part of crypto.

BlackRock wants to tokenize assets that exist in the real world. RWA concept is already one of the hottest narratives in crypto and the news by such a big corporation once again proves that we are taking position on the right place!

Keep in mind that this is still the pre-bull market in the cycle. Thus, there are a couple of things to do systematically. First of all, manage your portfolio and risk wisely without FOMO or FUD. Secondly, the market is full of scammers. Learn some basic steps to save your future from scammers. Finally, believe in the future of this promising ecosystem.

InLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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Posted Using InLeo Alpha