Yesterday was a dramatic day in the Crypto-sphere, with Dogecoin previously lighting the dynamites, Bitcoin was preparing to explode. I quickly went to the markets to watch how prices were holding up, figures and charts looked pretty healthy, but regardless of the pumps, many cryptocurrencies were stagnant, while some were retarding gradually. Bitcoin pump couldn't cover much field then, Ethereum barely made some significant move, it was all just a revival that they all quickly passed out. But we shouldn't panic, it's obviously temporary! Like I always said, it takes more than Sentiment to get people's money off their pocket, talkless of a single tweet, some will buy, others will sell, everyone wants to grab more shits so they wanna see it at $20k, that's why the pressure is on. But just as many cryptocurrencies didn't moon while Bitcoin was picking back pace, many are also not moved by its sudden Retard, rather, some a mooning, so every crypto has its time to shine, it's good to have a diversified bag of coins and tokens, people of such cry and smile everyone, kinda like how it should be.
Let's Talk Compound!
Compound was Introduced Into the Crypto-sphere as a crypto lending and borrowing protocol, it's unique niche and use case has been a reference to its value in Crypto space. Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Running on over 25 DApps, locked in approximately/over $27M BAT in its protocol, earning an APY 2.28%, over $1b Ethereum earning 0.10%, over $1b WrappedBTC earning 0.33%, $19.26M Tether earning 13.68%, $157.30M USDC earning 8.90%, over $1b DAI earning 5.89%, and while those figures may not be totally accurate, the Compound protocol has over $5billion across 9 markets earning good interest. That said, the Compound protocol token is also gaining weight at this point, it recently surpassed its previous all time high of the 200 dollars range, Compound met a 24hrs $318.94 high.
Crypto has always proven itself to be quite nuctunal and sneaky, something similar happened yesterday as dogecoin soared high, today compound took the lead, currently trading Confidently High on over 99 markets,reaching over $1 billion market cap, with over $222 million 24hrs volume. That's some crazy figures in 24hrs. Compound is soaring off to surpass many cryptocurrencies, if it continues at the pace, then that milestone would be reached in no time, all hail The Ethereum Blockchain, it's eating and regenerating more money than the government could.
Thank You For The Attention Up Until Now
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