Bitcoin fell 0.51% to $85,500, Ethereum fell 0.67%, and BNB fell 1.08%, as the broader market pulled back. Today, only two of the eight sectors had more than half of their tokens posting gains.
The only direction showing continued strength is oracles and cross-chain. Of its nine members, 56% rose, with a median gain of 0.74%. API3 gained 10.4%, ZRO 6.7%, and BAND 6.0%. I’ve been following this direction for three consecutive days: it had the highest median gain at first, then API3 and ZRO led the gainers’ list last night, and they’re still near the top today. It’s currently the only trend showing sustained momentum.
The other sector was privacy: 60% of its five members rose, with a median gain of 0.48%. XMR gained 4.8% and ZEC 2.4%. But its trading volume was only 175 million, so it’s a small sector—more like a safe haven for capital amid weakness.
Yesterday’s strong sectors are now retreating across the board. Payments and settlement recorded a second consecutive day with no gainers; all six members fell. DeFi’s share of gainers dropped from 58% yesterday to 21%, with a median loss of 2.49%, making it today’s weakest sector. Only 17% of the largest sector by weight, Layer 1 blockchains, posted gains, showing that the pullback is broad-based.
One final correction. In last night’s post, I wrote that iExec’s circulating market cap was about $50 million. That figure was wrong. Based on a circulating supply of 86.46 million tokens and the price at the time, it should have been about $85 million. I mixed up the market cap at an earlier price with the price at the time. The conclusion is unchanged: RLC is still a small-cap token, and today it has fallen from its high to 0.748. This volatility is a good illustration of the risks of small-cap coins.
My view is straightforward: today, oracles and cross-chain are the only direction worth watching, and they’ve already risen for three consecutive days, so the risk-reward of chasing them is deteriorating. The other sectors have no support. At times like this, cash is also a position.
#加密货币 #预言机 #CapitalFlows
The only direction showing continued strength is oracles and cross-chain. Of its nine members, 56% rose, with a median gain of 0.74%. API3 gained 10.4%, ZRO 6.7%, and BAND 6.0%. I’ve been following this direction for three consecutive days: it had the highest median gain at first, then API3 and ZRO led the gainers’ list last night, and they’re still near the top today. It’s currently the only trend showing sustained momentum.
The other sector was privacy: 60% of its five members rose, with a median gain of 0.48%. XMR gained 4.8% and ZEC 2.4%. But its trading volume was only 175 million, so it’s a small sector—more like a safe haven for capital amid weakness.
Yesterday’s strong sectors are now retreating across the board. Payments and settlement recorded a second consecutive day with no gainers; all six members fell. DeFi’s share of gainers dropped from 58% yesterday to 21%, with a median loss of 2.49%, making it today’s weakest sector. Only 17% of the largest sector by weight, Layer 1 blockchains, posted gains, showing that the pullback is broad-based.
One final correction. In last night’s post, I wrote that iExec’s circulating market cap was about $50 million. That figure was wrong. Based on a circulating supply of 86.46 million tokens and the price at the time, it should have been about $85 million. I mixed up the market cap at an earlier price with the price at the time. The conclusion is unchanged: RLC is still a small-cap token, and today it has fallen from its high to 0.748. This volatility is a good illustration of the risks of small-cap coins.
My view is straightforward: today, oracles and cross-chain are the only direction worth watching, and they’ve already risen for three consecutive days, so the risk-reward of chasing them is deteriorating. The other sectors have no support. At times like this, cash is also a position.
#加密货币 #预言机 #CapitalFlows