"Stagnation is a prolonged period of little or no growth in an economy.
Stagnation can occur as a temporary condition, such as a growth recession or temporary economic shock, or as part of a long-term structural condition of the economy."
Back home again, ready to start a new workweek at the "home office." Reviewing the latest movements of the crypto market ... I have done quite well with some entry that I made on Friday before going on RUNE and BNB since I anticipated some Price action during the weekend.
The fact is that it did not matter in which cryptos put the money at stake on Friday, all the Major and Medium Altcoins are following what BITCOIN and its immediate competitor, ETH, does.
This Ranging situation is taking a long time to end. I'm starting to get bored of seeing the same ping-pong game between support and resistance, but on the other hand, I'm not going to deny that doing daily trading under these conditions is quite easy... although as I have already said, it is also very boring.
The truth is that I miss reading new whitepapers and fundamentals of blockchain technologies lately...
Haven't you noticed? There are no more fundamentals, there are only DeFi products, dozens of clones of the same idea, some with more innovation than others but, hey, a bit of the same, Farming, liquidity provider, auto-compound, etc, etc...
Well, maybe it's just me who has seen this technology evolve so quickly these last few years... now it's like we're experiencing a development stagnation, which I hope would be only temporary.
Do you feel the same as me?
Have a great week.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
