DESO… Bought at 111$ Interesting run out so far. It’s interesting how DESO has not moved in rhythm with the other coins lately. Does anyone have any ideas on why this is?
2 different eco systems. DeSo is (not) yet on the map of most hardcore crypto guys and that might only change with more exchange listing. Lack of liquidity is likely another reason for the lack of correlation. Good things take time.
Could make a case for a lot of reasons why $DeSo isn't as strongly correlated with BTC/ETH/the rest of the crypto market...
Obviously first off most of us don't rush to dump our DeSo based on what BitCoin or Eth are doing... it's actually hard for most of us to do that since we're spread across tons of CCs
DESO… Bought at 111$ Interesting run out so far. It’s interesting how DESO has not moved in rhythm with the other coins lately. Does anyone have any ideas on why this is?
@darian_parrish ran a regression analysis on this recently. DESO is inversely correlated -.78 with BTC I think was the answer.
Because the market is people and the subset of $DESO people think differently than the greater crypto subset.
2 different eco systems. DeSo is (not) yet on the map of most hardcore crypto guys and that might only change with more exchange listing. Lack of liquidity is likely another reason for the lack of correlation. Good things take time.
deso hasn't yet entered the core crypto community.
i believe more listing will solve this..
BitClout hits different.
Could make a case for a lot of reasons why $DeSo isn't as strongly correlated with BTC/ETH/the rest of the crypto market...
Obviously first off most of us don't rush to dump our DeSo based on what BitCoin or Eth are doing... it's actually hard for most of us to do that since we're spread across tons of CCs
$131 already-- not bad!
Pretty amazing 🤩 Deso operates at a different level for sure.
It can be because it has a fixed DESO supply!?
You're a baller man!