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$LINK price has bounced back by over 24.70% from its lowest point this month. This rebound could be short-lived despite some positive developments in the network.
Summary Chainlink price has formed a bearish pennant pattern on the daily chart. It is also about to form a death cross pattern, a highly bearish pattern. The crash may happen despite the ongoing whale buying. Chainlink (LINK) token rose to $18.72, up by 25% from its lowest point this month. This rebound has brought its market capitalization to over $13 billion.
Yield Basis $YB .is a new DeFi protocol built by Curve Finance’s founder, focusing on reducing impermanent loss and enhancing LP yields. The token launched with strong hype, major listings, and airdrops — but faces risks of high valuation and short-term volatility.
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🔸 Key Points
1. Project Overview
• Founded by Curve’s Michael Egorov.
• Designed to minimize impermanent loss and integrate directly with Curve’s ecosystem.
2. Market Launch
• Listed on multiple major exchanges.
• Includes a large airdrop for early stakers.
• Faces high valuation ($860M FDV) and potential profit-taking.
3. Positives
• Innovation: Strong technical foundation with a clear DeFi problem-solving approach.
• Market Access: Broad exchange listings and strong liquidity from airdrops.
• Ecosystem Integration: Tight linkage with Curve and crvUSD pools, boosting Curve TVL.
4. Risks
• High Valuation: Elevated FDV and inflated premarket prices may trigger sell-offs.
• Market Maker Activity: Token transfers to Amber Group suggest possible selling pressure.
• Volatility: Early-stage token with a ‘Seed’ tag and recent post-launch price drop.
5. Community Sentiment
• Generally positive and excited.
• Many users report 5–6x airdrop gains.
• Growing caution due to valuation and short-term instability.
✅ Summary Insight:
YB shows strong innovation and deep Curve ecosystem synergy but enters the market at an aggressive valuation with potential short-term volatility. Long-term potential depends on sustained adoption and liquidity retention. $BNB #YB
#Berachain It's look like berachain is doing cool things with blockchain tech. This could give btc a boost. Let consider a low risk trade on btc.. Stop loss - 58300 Tp - 59178