Wave of insolvency coming. Crypto FTW! New gem:DYDXFollowing our introduction of crypto pairs, we have a new gem for you guys this week. DYDX is a decentralised leverage crypto trading platform, price dumped back to it's launch price after a quick 60% gain and within the same week, it's now trading at all time highs. The road for risk on assets looks choppy for the months to come but we're extremely bullish on this and the entire crypto space as the old world of finance of accounting falls apart starting from the middle kingdom.
BULL CASE
Price is consolidating here and we may see a price hold these levels before going up. We are targeting at least $40 to sell some off into other assets
BEAR CASE
If the price actions follows that of GRT in Q4 2020, we should see alts dump and BTC pump. The pump to $40 will then have to come in Q1 2022.
