Social Dominance Does It Implies That Crypto Has Bottom Out

It’s been hell of a ride for the crypto space, as market prices plummet as it’s looking like it has reached a place of no return. For while it has been projected that crypto has possibly reached a point where it’s about to bottom out, from report from the analytics firm sentiment says that the market is on the track to a bullish movement. To get this analysis running they are making use for the social dominance methodology, looking at the FTX saga which dropped the prices of the crypto market to where it is currently.

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The Feds haven’t really being helpful with their policies has it has caused more damage that we have ever imagined with their hawkish policies. Chair Jerome Powell says that;

“There is a whole lot of doom and gloom in crypto right now. Binance FUD, Jerome Powell hawkishness, and the ongoing [Sam Bankman-Fried] trial headline – many reasons why capitulation is prevalent to end the week. Historically, this uncertainty is a bottom signal.”

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Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

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