How to seize wealth opportunities by Following MXC Exchange
This is the second passage of the MXC Exchange Wealth Stories. It mainly focuses on recent DeFi projects, BTC surpassing $12,000, and DOT’s rise to analyze how to view MXC Exchange as a reference to seize opportunities in the bullish market.
1. What is the difference between 2019 and 2020?
As of August 7, the total value locked in DeFi has exceeded $4.469 billion, with an increase of 11.86% to $474 million within a week, an increase of 47.1% to $1.431 billion in the half-month.
For mainstream cryptocurrencies, BTC has risen more than 32.2% within 15 days according to MXC Global data. Recovering from the fall on August 2, BTC rises in a bullish trend. The rising amount of ETH in 15 days surpasses that of BTC, reaching 92.14%.
Since DOT has been listed, the highest 30-day increase reached 195.3% for Polkadot. (The increased amount is calculated based on the price in MXC, as MXC Global is the first platform who supports DOT.)
At the beginning of this year, many people didn’t imagine that the cryptocurrency could suddenly turn to a bull market. In terms of the candlestick chart and the overall development trend of the cryptocurrency market, the market trend in 2020 is similar to that of 2019.
Starting in April 2019, the cryptocurrency began to slowly get out of the “cold winter”. The price didn’t return to $3,100 until 2020. Many people think the bull market is brought by Binance, Huobi, OKEx, MXC Global, Bitfinex, and other major global trading platforms, as their new listing attracts more deposits. While others think that it is brought by the increase of total value locked in DeFi.
I believe that the two factors mentioned above both contribute to the bull market in mid-2019. According to media data, before October 2019, the amount of deposits from new listing was as high as $6 billion. DEFI PULSE data shows that from the beginning of 2019 to February 2020, the total value locked in DeFi has climbed from $362 million to $1,262 million, which is an increase of 248.6%.
This year’s trend is similar to that of 2019, recovering from the extreme fall and then turning to a bullish trend.
The difference is that in 2019, there were only a few DeFi projects, including Maker, Uniswap and a few other well-known projects. Additionally, the DeFi projects committed to better the infrastructure in 2019. And just because of that, DeFi becomes a hit in 2020.
2. Always pay attention to the most responsive platform.
What is the purpose of explaining market changes in 2019 and 2020?
Of course, it is to express a point of view: how to see through the fog in the cryptocurrency macro market, to obtain a medium and long-term return.
As a long-term cryptocurrency trader, it is necessary to know the following 3 aspects: 1. the cryptocurrency projects; 2. the direction of market funds; 3. the movement of cryptocurrency trading platforms.
If we know that DeFi working on the improvement of infrastructure in 2019 in advance, then we could foresee the bull market of DeFi projects in 2020. DeFi’s actions lead to the popularity of Layer 2 DeFi.
In terms of micro news, we should also know about the BTC halving, the progress of ETH 2.0 and Polkadot.
I personally believe that BTC halving has not yielded any impact now. The impact will be delayed for at least half a year. Maybe it will come for the next time BTC halving.
We should pay more attention to the holistic situation, and to search from hundreds to thousands of cryptocurrency projects to find the one that can bring the most return. If you didn’t pay attention to the progress of ETH 2.0 and Polkadot, or you did pay attention but didn’t take action, then you have missed the return of ETH 92.14%, DOT 195.3%.
Last but not least, it’s important to keep an eye on the dynamics of cryptocurrency trading platforms and know which cryptocurrency trading platforms keep up with market trends, as well as their projects.
MXC Global is currently one of the most responsive main trading platforms for DeFi. Its quick response ensures that it is the first one to list popular and potential projects, such as RUNE, AVA, HIVE, SNX, BAL.
Travala token AVA is one of the projects that has a good increase amount since its listing. On July 4, MXC Global launched the AVA/USDT trading pair. A month after its launch, AVA’s highest increase amount has reached 160%.
The incomplete statistic shows the highest increase amount of popular projects listed in MXC Global is between 160% to 16566%, not to mention the hottest DeFi project of this year, COMP.
If you know which trading platform is highly sensitive to the cryptocurrency market and know which popular projects the platform lists, then it’s not difficult to make money.
As of August 7, the total value locked in DeFi has exceeded $4.469 billion, with an increase of 11.86% to $474 million within a week, an increase of 47.1% to $1.431 billion in the half-month.
For mainstream cryptocurrencies, BTC has risen more than 32.2% within 15 days according to MXC Global data. Recovering from the fall on August 2, BTC rises in a bullish trend. The rising amount of ETH in 15 days surpasses that of BTC, reaching 92.14%.
Since DOT has been listed, the highest 30-day increase reached 195.3% for Polkadot. (The increase amount is calculated based on the price in MXC, as MXC Global is the first platform who supports DOT.)
