Business finance is a merciless, emotionless realm where rules are nearly nonexistent! If you are part of a network, your influence is not insignificant!
The world of Decentralized Finance(DeFi) is worse than the one mentioned earlier because it is not regulated. Not yet!
Binance ($14B daily trading volume), Coinbase ($2.6B), Kraken ($1.1B) cannot exist without influence, let alone without a network! Different ecosystems, different development strategies, different “fiscal” strategies, but all leading to one result : mass adoption and total control!
When someone casts a shadow, there is always a solution to get rid of them. Worse, there is a desire to appropriate their business and publicly “bury” it to be sure.
You’ve understood it well! A decrease in stablecoin dominance simply means their use in investment, or rather their re-injection into Cryptoassets market !
What we have consider as a BackUp few charts above, could be called a Spring, with a pull back on the MidRange (as luck would have it on 0.618 Fibo retracement!) – LPS. And once again, it JAC, plus 3 taps on 0.618.
Gold plays an important role in this multi-polarization. The BRICS need the precious metal to support their currencies and shift away from the U.S. dollar, which has served as the global foreign reserve currency for about a century.
It could be interpreted of a potential MarkDown and a potential pull back on the top of this channel.
109 will be highly likely ! According to call it above 0.618 of the initial MarkUp (103)…
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