The chart below shows the cycle in bitcoin and altcoins over the past year. When Glassnode’s risk indicators reach extreme highs, a greater allocation to bitcoin is warranted, similar to what occurred earlier this year. In contrast, when risk is low for an extended period of time, traders tend to shift toward altcoins as sentiment improves.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...