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The Traders Hub
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#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_1OWNT
misinformation⚠️, no death spiral. loans not that big, price might go down due to perp speculation over it. protocol is working fine and earning revenue.
Crypto News Terminal
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THORChain Insolvency: What You Need to Know
THORChain (RUNE), a decentralized cross-chain liquidity protocol, is facing insolvency concerns, according to a Twitter user with 61k followers, @1984_is_today. The network has paused, and validators are voting on a reorganization plan. THORChain's financial situation is precarious, with $97 million in debt and only $107 million in external liquidity. This liquidity could be drained by liquidity providers or RUNE holders. The protocol also faces hidden leverage risks. The situation could play out in two ways: a "death spiral" where RUNE crashes and THORChain fails, or creditors seizing key assets and repaying debts over time. This news follows a string of financial challenges for THORChain, including a $25 million hack in 2021 and a recent exploit that drained $8 million from its liquidity pools. Investors should closely monitor the situation as THORChain's insolvency could have wider implications for the cryptocurrency market.
#DePIN #Write2Earn
Important Narrative going forward, Reasearch all the projects in a Report by Messari.
I hold : Akash , Arweave, Render.
Looking to Position in Storj, Flux, Helium
now this narrative has pumped due to the recent AI Sora launched by Sam altman.
so would suggest to wait for correction and dollor cost average to gather a bag.
#STORJ/USDT can come down to 0.5 to 0.4 region.
#FLUX also can one down to 0.5 region
#HNT can gather some around 8.4 region.
Important Narrative going forward, Reasearch all the projects in a Report by Messari.
I hold : Akash , Arweave, Render.
Looking to Position in Storj, Flux, Helium
now this narrative has pumped due to the recent AI Sora launched by Sam altman.
so would suggest to wait for correction and dollor cost average to gather a bag.
#STORJ/USDT can come down to 0.5 to 0.4 region.
#FLUX also can one down to 0.5 region
#HNT can gather some around 8.4 region.
#Write2Earn
RNDR Trade:
Render Broke recent downtrend on the 1 hour , Can enter a short term long.
Time frame : 1 hour
Entry: 4.980
TP: 5.157
SL: 4.909
RNDR Trade:
Render Broke recent downtrend on the 1 hour , Can enter a short term long.
Time frame : 1 hour
Entry: 4.980
TP: 5.157
SL: 4.909
ATOM Trade :
ATOM broke the downtrend ( Also a falling wedge) Looks bullish if BTC chops sideways for a while.
Entry : 9.724
TP1: 11.35
TP2: 12.64
SL: 8.6
ATOM broke the downtrend ( Also a falling wedge) Looks bullish if BTC chops sideways for a while.
Entry : 9.724
TP1: 11.35
TP2: 12.64
SL: 8.6
Link MACRO Targets:
conservative Trade:
Entry : 20.39
TP: 28
SL: 17.9
Non Conservative Trade: This can take up to 4-5 months to playout completely
Entry: 20.39
TP1: 28
TP2: 38
SL: 17.9
#TrendingTopic
conservative Trade:
Entry : 20.39
TP: 28
SL: 17.9
Non Conservative Trade: This can take up to 4-5 months to playout completely
Entry: 20.39
TP1: 28
TP2: 38
SL: 17.9
#TrendingTopic
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