The crypto market is hanging with a thread, as the uncertainty in the market behavior of the two largest crypto asset bitcoin and ethereum. The bulls didn’t show up? Nicholas Mertens said speaking to he’s subscribers during a crypto session which he says that If the bulls fail to provide support by buying, considering they didn’t support resistance and boost prices, the situation could worsen. The point of distribution and supply hitting the market was at $2000, and if they do not appear now, the year-long bullish pattern in progress could lose its confirmation.
Market buyers and sellers are the deflationary factors that drives the work flow forward and this discrepancy in liquidity drives price trends, be it upward or downward. The prevailing sentiment seems to reflect a music-stop moment, even among those who believed in a new bull market narrative. Ethereum and the broader crypto space are facing notable shortcomings in terms of fundamentals.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows eusers and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
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