Some are referring to this as the bear market's high because Bitcoin prices are stagnant at $16,000 and the overall market capitalization of all cryptocurrencies and tokens is $800,000,000+, an increase of $100,000,000+ from last month. People are using cold wallets and DEXes to protect their valuables as there is widespread extreme concern.
Despite these events, there is some optimistic news that might position these projects to be at the vanguard of the following bullrun. According to an article by Bitcoinist, one of these initiatives is AshSwap, which was able to fund $2.5M in its seed round and has a high chance of making DeFi available to everyone as the first stable-swap DEX on the MultiversX chain. For more information, see to https://bitcoinist.com/ashswap-the-first-of-its-kind-stable-swap-on-elrond-raises-2-5m-in-its-seed-round/.
Another interesting fact: Did you know that Amazon beat Apple to the production rights for the series show about FTX's growth and fall? I'm certain I'll watch this in a single sitting.
So where are we going to be in a few weeks or months? Do we anticipate a significant stimulus for the upcoming rally? Will this include regulations?
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