During the five-day holiday period, the cryptocurrency market performed well. Although the increase of Bitcoin was limited, Ethereum and other old mainstream currencies climbed to new peaks during this period. For holders of old mainstream currencies, Looking at the account after the holiday, there is another wave of new wealth growth.
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The "big event" in today's market is the launch of Uniswap V3 on the ETH mainnet
Uniswap V3 is considered to be the most powerful version of the Uniswap protocol so far. The main innovation of this new version is "Concentrated Liquidity". "Concentrated Liquidity" (Concentrated Liquidity) means that the liquidity of different price segments on the liquidity curve is provided by different people. It provides capital efficiency for liquidity providers and better execution for traders, and is the core infrastructure of decentralized finance.
Uniswap’s Swap interface has now routed transactions through Uniswap V3 by default, but this does not mean that Uniswap V3 will stop. Uniswap said that Uniswap V2 will continue to operate, and will remind trading users when there is a better exchange rate on Uniswap V2.
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Currently there is no plan for v3 liquidity mining
What the market is most concerned about is whether the launch of V3 will bring another wave of DeFi boom, especially the DeFi boom on the ETH chain. In fact, we have always been optimistic about DeFi, and V3 is still deployed as usual after the delay of the layer2 solution. The current Layer2 solution has not yet ushered in the peak period of implementation. In fact, we have been emphasizing this benefit.
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The launch of V3 affects not only DeFi
After the launch of V3, Opensea, the most popular NFT platform at present, has started to trade LP NFT. LP refers to liquidity providers, and this part of the value can refer to Uniswap’s original socks NFT. The current price has risen to 90,000 US dollars. Therefore, it is not necessary to If something goes wrong, this batch of LP NFTs may also have a chance to usher in a stir.
Going back to the market, after Bitcoin had an increase of nearly 8% yesterday, the market opened today and then stepped back. Fortunately, the magnitude of the decline is relatively average. At present, it is still eager to try to return to the top of 57,000 US dollars.
Judging from the market, the big Yin line the day before yesterday was quite dangerous. A big Yin line directly crossed the moving averages of different levels, which was a signal of a falling market. Fortunately, it directly resisted yesterday and crossed back again. On the moving average, on the Boll belt, there is also a choice between the upper and lower Boll middle rails.
The reason why Bitcoin went through a roller coaster within two days is simple - the attitude of the Federal Reserve, when it fell, Yellen said that he should be nervous about inflation, and different Fed officials said last night that inflation is unlikely to raise interest rates this year, and maintain an accommodative monetary policy.
In fact, during the recent violent ups and downs in the market, you can find that the regulators and macro policies are important, but in many cases, an uncertain sentence does not have such a big effect, or it cannot cause such large fluctuations in the market. , then the biggest probability is that many times the dealer will take the opportunity to smash the market at this time and change the bargaining chips. Otherwise, under the current situation that the market has an upward consensus, the effect of hard smashing the market is very poor, and in the end it may not be worth the candle.
For such a situation, it has no effect on the spot stock. As long as you don’t get scared and run away, the real injury is the contract, and the position will disappear directly in the next cutscene.
The biggest role of Bitcoin in the near future is to serve as the support of the market horizontally, giving other currencies a chance to play, and the overall trend is still rising.
ETH：Yesterday, it broke through $3,500 again and created a new high. Today, following the correction for the time being, ETH’s long-term potential is still sufficient, and short-term fluctuations have little impact. At present, the market value of ETH has reached 400 billion U.S. dollars. According to this momentum, There is really a chance to share the world with Bitcoin.
DeFi：platform currency
platform currency: In recent days, the platform currencies have been in a callback state after rising. The current trend is more like OKB and HT, but BNB is relatively independent. At least the callback is not as strong as the other two currencies. For OKB and HT, the early stage The rise is too much, and the current pullback is a bit more volatile, and the risk is not particularly large. Of course, if the market continues to fall, the speed of the pullback will also be accelerated. Next, it depends on when the OK chain is officially launched.
DOT：It rose by more than 16% yesterday, which is also the largest recent increase. According to data from Messari, Polkadot’s DOT has become the most liquid asset held by encrypted venture capital and hedge funds. This shows that DOT still has a certain market, and it is not as calm as the price shows behind it, and it still needs an explosive cycle.
