Market Trend Prediction and Potential Alpha: Inverse Finance and Symm

Market Prediction: Inverse Finance and Symm

KOL Billy Bob Bagholder wrote an article analyzing the future trends of cryptocurrencies in the next six months. BTC and ETH have slowly started to rise due to the push from Blackrock ETF news, while altcoins have performed averagely, but some high-quality targets can be found from certain perspectives. Additionally, Inverse Finance and Symm are two potential alphas the authors are paying attention to.

Although I don’t predict major volatility in the short term, the news about Blackrock ETF has already started a slow rise in BTC and ETH that I believe will continue over the next 6 months. From January 2024, there will be more explosive movements, leading to FOMO among retail investors due to the halving in April 2026 and another altcoin cycle.

Many altcoins have already returned to or are close to the lows after the FTX incident. I don’t think there will be major increases in altcoins over the next 6 months, but I believe the downside is limited unless there is still a large amount of unlocking. Worth noting projects should have a strong and determined team, at least 1-2 years of operation (through treasury or protocol revenue), and an important release/update roadmap. Reference data: charts of accumulation areas near ATL after FTX, near full unlocking.

Configuration Project 1: Inverse Finance has always been a victim of vulnerabilities, which led to bad debt of 8-digit DOLA (DOLA is INV’s stablecoin). In December 2022, Inverse released its first fixed rate lending product, FiRM. Recently, with the increase in DOLA and DBR liquidity, FiRM’s TVL has been soaring. Overall, INV is in a good position and could become one of the best comeback stories of 2023.

Configuration Project 2: DEUS is another project that has suffered multiple attacks due to its stablecoin DEI. Due to these vulnerabilities and other issues, we have decided to separate the stablecoin through the Symm protocol, which will be launched later this year. SYMM’s unique technology provides a B2B infrastructure layer for quote-based peer-to-peer trading for leveraged on-chain derivatives. Other configuration projects: DIGITS, NEWO, and OATH.

Reference: https://twitter.com/BillyBobBaghold/status/1678132992865181697

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The data shows that miners have caused fluctuations in BTC prices, which led to a fall in BTC prices in 2018.

New data shows that Bitcoin miners have caused price volatility, with Bitcoin hitting $3,100 in 2018. Image source: M...

Blockchain

Nine reasons why the Lightning Network will break out in 2020

Written in front: The original author is Roy Sheinfeld, co-founder and CEO of Lightning Network client Breez. In this...

Market

Story | From the eyes of others, I know Bitcoin

Remember that from the beginning of the year, the hottest topic in the circle is about to halve Bitcoin. Just as ever...

Blockchain

HOLder - the wife of the blockchain industry

At the beginning of this year, the climate is pleasant, it is the season of falling in love. A friend of mine worried...

Market

Twitter Featured | Euro Pacific Capital CEO: The idea of ​​turning bitcoin into digital gold is wrong

2019/11/12 There are a total of seven Twitter messages today. 1. The cryptocurrency media The Block Bitcoin derivativ...

Blockchain

Silicon Valley investor Tim Draper: I have a lot of bitcoin, Buffett doesn't like bitcoin for personal gain

As one of the iconic figures in the Bitcoin space, billionaire, Silicon Valley venture capitalist Tim Draper once aga...