A friend asked, “Venus Protocol revenue has reached 11.1 times its usual level. Does that mean $XVS should go up?”
Here’s what I said: Higher revenue is good, but a single data point can’t determine how the token price will move. Revenue of $73,000 over 24 hours is indeed much higher than the usual $6,629, but a one-day spike could be due to temporary factors. I’d watch it for a few days before drawing any conclusions.
Here’s what I said: Higher revenue is good, but a single data point can’t determine how the token price will move. Revenue of $73,000 over 24 hours is indeed much higher than the usual $6,629, but a one-day spike could be due to temporary factors. I’d watch it for a few days before drawing any conclusions.
