The crypto market is bubbling up with excitement. EllioTrades has shared news that he believes is much more significant than everyone is recognizing it to be.
The news is a sign that crypto is not only primed for a very long and healthy bullish trajectory but that the one potential Achilles hill in the bull run is looking like it’s not all that dangerous. EllioTrades says this particular piece of news makes him even more bullish about the current bull run.
Eurasian Economic Union, or EAEU, struggling to come up with a shared stance regarding cryptocurrency regulations is a bullish indicator says Ellio, because influential financial powers not acting in synchronisation provides escape route for crypto companies and it is further proof crypto is on its path to just winning (2:28).
Ellio covered Anchor Protocol, described the project as a crucial one embodying one of the biggest and most powerful trend in the crypto space, which is DeFi. One of the things that makes DeFi the absolute interesting thing is Yield farming, a way to make more crypto with your crypto.
Anchor by LUNA completes Terraform Labs’ vision of launching 3 financial primitives (payments, investing, and savings) on the Terra blockchain to support a thriving inter-chain DeFi ecosystem. The decentralized money market and savings protocol provide 20% APY to stablecoin TerraUSD (UST) depositors (4:28)
The fixed rate yield aspect of DeFi will he the biggest part of DeFi says Ellio, because the biggest money bags in the world are interested in simplistic and reliable yield. Bitcoin dip while altcoins continue to perform is part of a bubble up to the next leg and things going on in DeFi are bear market resistance (9:55).