Hello, as promised, here a brief analysis on the only coin of which I decided to build a long positions in the last days. Indeed, the mood is not very optimistic and Btc could face some more downward pressure, hence on all other, I am monitoring. The other one I am interesting to is YFI, but it is still very expensive.
However, this made BZRX to fall to a very interesting level, unlike most of other (defi) tokens.
This means BZRX is crap!
Well, it is not. It is not hyped and many traders overlook it, focusing on BZRX's more famous and traded rivals, which however, are still very far from being cheap.
We can consider it as a mix between a Dex and a lending platform token.
The bZx protocol is an open protocol
for decentralized exchange on the
Ethereum blockchain, it facilitates
peer-to-peer margin lending, shorting,
and leverage of ERC20 tokens.
Actually I think this coin is one of the best DeFi projects out there at the moment.
Please note that this is not a decentralized exchange, but a protocol for building a decentralized exchange on top of it. The protocol is BZX and its token is BZRX. It is connected to Fulcrum and Torque (I suggest you to read about them) and is already integrated with Kyber network.
As you see there is not much data related to the level of price we are currently, but it is crazily cheap compared to the recent highs and it trades almost at the July levels, before the DeFi frenzy started. I am buying it here. Targets on the chart.
always DYOR guys!
Let me know what you think in the comments
However, this made BZRX to fall to a very interesting level, unlike most of other (defi) tokens.
This means BZRX is crap!
Well, it is not. It is not hyped and many traders overlook it, focusing on BZRX's more famous and traded rivals, which however, are still very far from being cheap.
We can consider it as a mix between a Dex and a lending platform token.
The bZx protocol is an open protocol
for decentralized exchange on the
Ethereum blockchain, it facilitates
peer-to-peer margin lending, shorting,
and leverage of ERC20 tokens.
Actually I think this coin is one of the best DeFi projects out there at the moment.
Please note that this is not a decentralized exchange, but a protocol for building a decentralized exchange on top of it. The protocol is BZX and its token is BZRX. It is connected to Fulcrum and Torque (I suggest you to read about them) and is already integrated with Kyber network.
As you see there is not much data related to the level of price we are currently, but it is crazily cheap compared to the recent highs and it trades almost at the July levels, before the DeFi frenzy started. I am buying it here. Targets on the chart.
always DYOR guys!
Let me know what you think in the comments
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