Disclosure: Members of our team may own positions in assets mentioned in this report. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.
Crypto majors like BTC and ETH are up for the day, but have run into resistance at May 27ths daily open. FIL and SOL are the biggest winners of the day so far. Today’s edition of the Delphi Daily will focus on this crash’s hardest hit tokens, what ETH/BTC could be looking like, and the potential resurgence of positive market sentiment.
Tokens That Had a Forgettable May
ALPHA, LUNA, and FTM were a few of the worst hit coins over the past month.
FTM saw a sharp run up in March/April as the cross-chain narrative took off and a subsequent drawdown as the broader market crashed; ALPHA price action and sentiment had been choppy after peaking in February; and LUNA’s drawdown was caused by the UST feedback loop, as we explained in an earlier edition.
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