In two days, Coinbase will suspend DeSo trading until further notice.
Naturally, the market overreacted, causing DeSo’s price to plummet 51% (from $6.30 to $3.20). Some might wonder: Is this the end? Four years of hard work, gone just like that? As someone familiar with suspensions (three times in high school!), I see this differently.
It’s not the end; it’s just the beginning.
Here are 3 reasons why I believe this setback will actually propel DeSo to new heights—and why Coinbase may eventually come back. (like that ex who left only to come back after she realized the long-term potential she overlooked.)
Pro- crypto shift in the U.S Government
This morning, Donald Trump was elected President of the United States.
Not only is he pro-crypto (he’s even promoted Bitcoin and hinted at launching his own coin). But several pro-crypto senators also won their races. This could mean a more supportive environment for crypto overall.
Leading to possibly a lighter approach toward DeSo specifically.
Focus to launch on Nov 11th
We’re just 5 days away from the public launch of Focus.
When DeSo founder Nader announced this project 11 months ago. DeSo’s price jumped from $11 to $45. Now, as Focus prepares to go live, the market will finally have a chance to evaluate the product.
Whether the long-term potential is there or not, things should get interesting, and it’s definitely worth sticking around.
OpenFund's role as a DEX destination
OpenFund is positioning itself as a decentralized exchange (DEX) for all crypto.
They are starting by increasing Automated Market Maker (AMM) liquidity for DeSo trading. They’ve boosted liquidity to $50k within a +/-2% spread, meaning more accurate price points. On Coinbase, I saw DeSo listed at $3.12 but actually bought it at $3.29 due to limited liquidity.
Now, OpenFund offers a more precise price, reducing price slippage—crucial for anyone looking to invest significant amounts. So, while there are no guarantees, I’m excited to see how things unfold and plan to stick around.
P.S. If you’re a long-term believer in DeSo, now might be the perfect time to position yourself before the crowd catches on. And if you need help with DeSo content, I’m opening up 2 discovery call slots for founders and executives as we approach the Focus launch. Let’s connect if you’re interested!
In two days, Coinbase will suspend DeSo trading until further notice.
Naturally, the market overreacted, causing DeSo’s price to plummet 51% (from $6.30 to $3.20). Some might wonder: Is this the end? Four years of hard work, gone just like that? As someone familiar with suspensions (three times in high school!), I see this differently.
It’s not the end; it’s just the beginning.
Here are 3 reasons why I believe this setback will actually propel DeSo to new heights—and why Coinbase may eventually come back. (like that ex who left only to come back after she realized the long-term potential she overlooked.)
Pro- crypto shift in the U.S Government
This morning, Donald Trump was elected President of the United States.
Not only is he pro-crypto (he’s even promoted Bitcoin and hinted at launching his own coin). But several pro-crypto senators also won their races. This could mean a more supportive environment for crypto overall.
Leading to possibly a lighter approach toward DeSo specifically.
Focus to launch on Nov 11th
We’re just 5 days away from the public launch of Focus.
When DeSo founder Nader announced this project 11 months ago. DeSo’s price jumped from $11 to $45. Now, as Focus prepares to go live, the market will finally have a chance to evaluate the product.
Whether the long-term potential is there or not, things should get interesting, and it’s definitely worth sticking around.
OpenFund's role as a DEX destination
OpenFund is positioning itself as a decentralized exchange (DEX) for all crypto.
They are starting by increasing Automated Market Maker (AMM) liquidity for DeSo trading. They’ve boosted liquidity to $50k within a +/-2% spread, meaning more accurate price points. On Coinbase, I saw DeSo listed at $3.12 but actually bought it at $3.29 due to limited liquidity.
Now, OpenFund offers a more precise price, reducing price slippage—crucial for anyone looking to invest significant amounts.
So, while there are no guarantees, I’m excited to see how things unfold and plan to stick around.
P.S. If you’re a long-term believer in DeSo, now might be the perfect time to position yourself before the crowd catches on. And if you need help with DeSo content, I’m opening up 2 discovery call slots for founders and executives as we approach the Focus launch. Let’s connect if you’re interested!