It's prudent not to get too tunnel visioned on any particular sector right now. There are no "leaders" Everyday it's something else, whether it be new L1 (avax, egld), exchange tokens (ftt, bnb), 2017 majors (ada, trx) or just general shitcoin debauchery (qtum, matic, zil)
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Most of the ones you mentioned are all tied to the ETH fee issue though. That's the main narrative right now and likely won't be addressed for some time. Question is how long can something like this last, to me it seems like we need a break soon
Doubt the logical leap from eth fees high to these coins mooning is that strong as of now. Also, a lot of these have been rallying for a while. Matic had that rebrand stuff. Qtum, Zil, Omg, tend to move together, etc. But yeah, funding rates are scary rn.
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@HsakaTrades I wonder what your thoughts on funding rates are, because we have been seeing high funding for a long time on most alts and some swift resets but the rates bounce back quickly anyways. Predominantly because price goes up (much) faster than funding rates? -
yeah I'd think in an environment like this the bounty on the liquidity ready to be captured is getting less and less valuable as price bounces back with higher velocity. probably can't be sustained for that long though
End of conversation
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