Delphi Daily

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.

Market Update

After multiple consecutive weekend dumps, this past weekend saw the bulls come out on top, indicating retail sentiment is recovering. BTC held its high over the course of Monday before swiftly moving up another 3% at New York open. Bullish sentiment is making a comeback as Microstrategy’s $500 million debt raise settles today. BTC is at its current range high; a break down from here could spell fresh lows while taking out the high would confirm a continuation of the uptrend.

MATIC, SOL Top Performing Chains

  • Polygon (MATIC), Solana (SOL), and Fantom (FTM) are the three best performing Layer 1 smart contracts platforms in 2021 so far. LUNA was performing on par with these assets but suffered a much sharper decline during the latest market downturn.
  • Tezos (XTZ), Near Protocol (NEAR), and Polkadot (DOT) were at the bottom end of the bracket. Tezos and Near have struggled to capture attention and adoption, while Polkadot saw a fair amount of hype but is yet to ship essential features such as Parachain funct

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