A friend just asked me: “Quickswap’s fee revenue is 3.1 times its usual level. Does $QUICK mean the price is about to go up?”
Here’s what I said: Higher revenue is a good thing, but one data point can’t determine how the price will move. $120,000 in 24 hours is indeed quite a bit more than the usual $38,000, but a single day’s data could be an isolated event. I’d watch it for a few days before drawing any conclusions.
#QUICK
Make your own decisions when buying and selling—don’t follow the crowd blindly.
Here’s what I said: Higher revenue is a good thing, but one data point can’t determine how the price will move. $120,000 in 24 hours is indeed quite a bit more than the usual $38,000, but a single day’s data could be an isolated event. I’d watch it for a few days before drawing any conclusions.
#QUICK
Make your own decisions when buying and selling—don’t follow the crowd blindly.