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tqsully
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The total
#cryptocurrency
market cap is now down to the exact peak in early 2018 ($755b). Down roughly 75% from the top at $3 trillion this cycle.
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#USDC is not the only one in trouble. - $FRAX has over 80% exposure to Circle - $DAI also a close 50%. - $GMX and $GLP pool is 50% backed by USDC - $GNS is reliant on DAI, aka 40% backed by USDC Maybe fed will bail SVB out on Monday, but it might be quite the tense weekend!
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It's always important to diversify. Some coins to research & put on your watchlist: - Privacy: $AZERO, $BLANK - Interoperability: $QNT, $ATOM, $LINK - L1/L2: $TON, $MATIC, $HBAR, $ALGO, $ARBI, $SAITO - AI: $FET - DEX: $VELA, $RUNE
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#Arbitrum starting 2023 as top in TVL in comparison to these chains. #Polygon #Avalanche #Optimism #Solana
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