Mummy Finance (MMY) Long mega potentialHello all perpetual lovers, this one is for you?!
And it’s a risky one - Mummy Finance (MMY)….
but Mummy Finance checks all the boxes for potential exponential growth (as I see it).
This perpetual exchange lives on Fantom network. I think many traders on Fantom network (including me) are waiting for a great perpetual Exchange - and here it is!? Mummy Finance is a fork of extremely popular GMX exchange (Arbitrum network). The look and feel is great and everything about Mummy gives me smell of success - no financial advice.
When it comes to TA, we have almost no historical data. We can see a big explosion in price the last days. But I really don’t think the potential future exponential growing is priced in….All things considered increased traffic on homepage/twitter, trending volume, NFTs, staking possibilities isn't priced in.
The most impressive key indicator is the revenue. $346,399 Dec 21st. Over 100K last 4 days!!!
If a it comes a big pull back, I really think it could be a good time to take a small bet. But please do your own research!
Mummy
Bitcoin BTCUSD deviation from 1 year averageThe indicator show the amount of deviation from the yearly average price.
As can be seen, the March to April 2021 highs deviated extremely from the yearly average.
Bitcoin's price tends to swing from being above the yearly average to below it. IF Bitcoin was to now drop to a similar deviation below that would be extremely severe. Personally I think it's more likely that the swing is similar to the LAST swing up in Nov 2021.
This opposit swing can also be seen on the chart and shows that Bitcoin has already pretty much moved the same distance below the yearly average as it did when it moved above in in Nov 2021.
Could this mean the dump is nearly over?....
