Bankless ROLLUP: 2nd Week of April (Coinbase IPO, FEI Protocol, DeFi Shopify, ETH 2 Merge, BTC ETFs)
Apr 9, 2021
Dive into the world of cryptocurrency with eye-catching discussions about Coinbase's upcoming IPO and its market implications. The lively debate contrasts Bitcoin's recent fluctuations with Ethereum's potential rise, especially in the DeFi space. Explore innovations like the Alchemix DAO proposal and the integration of new financial tools such as synthetic assets. Insights on NFT dynamics and market trends make it clear that the crypto landscape is ever-evolving. Stay tuned for expert perspectives that could shape your investment strategies!
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Episode notes
Bitcoin Consolidation
- Bitcoin's price has been consolidating, allowing other crypto assets to catch up.
- This sideways movement is likely temporary due to upcoming bullish catalysts like the Coinbase listing.
Ether vs. Bitcoin
- Ether has shown a strong uptrend while Bitcoin has remained flat.
- This suggests that Ether might be undervalued and poised for further growth.
DeFi Season vs. Alt Season
- The DPI's flat performance against USD and decline against ETH suggests a divergence between alt season and DeFi season.
- A dedicated DeFi season may occur as investors recognize the value of revenue-generating protocols.