Some say that the bull market is just around the corner. I cannot say for sure that this is the case, but I want to show you what institutional capital is buying.
It is not the case that the Bull market is close, but money is moving a lot and is being positioned in some projects in the meantime.
Next, we will track which projects are generating the most money.
TVL and its implications.
TVL is an acronym for âtotal value lockedâ within a protocol or chain.
It represents the confidence that large investors have in these protocols and smart chains.
The largest amount of TVL is positioned within ETH, the leading chain in decentralized finance, followed by TRX and SOL.
Aside from BSC, the rest of the chains are Ethereum's leader 2, so almost all of the market share is concentrated on the second-largest chain.
Next, we will analyze the protocols and chains towards which money and investor confidence have been flowing during the last month.
This will give us a clue as to which currencies may be the next to experience major growth.
Note that even though TVL is increasing, price can be relatively still, which is great because it allows us to get in alongside the whales before they make big moves.
The top 1 is held by Polynomial, a lending protocol and liquidity provider that does not yet have its own currency. That does not mean that we cannot make profits with earnings pools.
The 2nd is Sora XOR whose coin has increased in price by 160% this last month. However, its market cap is a modest 6M, so we are not late. It has a lot of potential ahead.
The 2 coins that most attract my attention are $SHIB and $BTC
Shibarium is Ethereum's layer 2 network, belonging to the Shiba ecosystem. Shib has long disappointed its holders but a sudden increase of almost 200% in its TVL can warn us of a possible price increase.
That is to say, don't despair, Shiba may have his revenge in the next cycle.
BTC appears as another prominent one, but it is not about the Blockchain but about its Leaguer 2 protocols developed within.
With the release of its ETFs it has captured the attention of many, and those who feel they missed out on the rise are looking for opportunities within the new League 2.
Several of the top 13 to 28 are within Binance for trading.
What is striking is the growth within EthPow, the Ethereum fork that disappointed more than one holder. Perhaps this trend will reverse and give us some surprises.
Otherwise, I don't want to go into detail about each coin one by one, but I'll give you the information so you can track and analyze the projects and protocols where the whales are betting.
Note: If the coin is not listed on Binance, use Coinmarketcap or Coingecko, both tracking platforms offer price information, history, market cap and links to their website. Avoiding falling for false links.
Crypto Citizen says goodbye!!
I hope this information is useful in your next investments.
