 | There was a lot of fear in the markets on Monday. Be fearful when others and greedy and greedy when others are fearful. This is exactly what many smart traders seemed to do as they bought the dip when when panicked and sold. For all the losses the market hard on Monday, they recovered alot yesterday, and by today we are back to and slightly past levels we were on Monday when news first broke about the Binance suit on Monday. Some top ranked tokens have still not yet fully recovered but are very close being up 70-90% from the fall on Monday. This stands in contrast to the attitude to a lot of fear on this sub and in the community that if Binance should not be touched simply because they would lead to a crashing of all markets. I think smart money knows Binance in the US was a forgone conclusion a long time ago and had likely been partially priced in, and regardless, Binance US is a small portion of the entity of Binance in any case. And as pointed out by u/bingorunner, DEX's also increase in volume. Volume has increased around 270% pre-Monday levels. [link] [comments] |
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