HELLO BROTHERS
Almost two months Crypto market and Bitcoin jumping like kangaroo but what i think who know more about crypto and following chart are taking too much PROFIT
Because altcoins season is going VERY well
LET'S JUMP INTO DEEP ANALYSIS
° What is kangaroo jump in crypto market
A kangaroo market refers to a market environment where any COIN's TOKEN'S price move up an down over a specific price range or period without any solid direction
- DeFi-related assets displayed substantial price returns, as best illustrated by LEND and BNT. The launch of COMP, the governance token of compound brought comp to the top 30 of CoinMarketCap.
- And we talk about top 10 coin or token according to the coinmarketcap Except Cardano (ADA), most other large-cap assets displayed lower than average quarterly performance amidst low volumes while cardano give alomost 174% return in Q2 yet cardano total volume increase of only +44%).
- DeFi also had a significant growth again! In the USD amount of assets locked in DeFi protocols jumped 5X during Q2, from USD ~130m to USD ~550m. (Most part of assets locked in belong to COMP)
Important
- Meqnwhile trading volumes being slightly lower in QUARTER 2 2020 than in QUARTER 1,
- WHILE MANY TOKEN REMAIN ON BOTTOM Which belong to top 50 according to CMC
