HashKey Capital reposted this
💭“Volatility may not have begun yet,” says Mark Wong, CFA, our Head of Trading. The market may be in a bearish vibe🐻 right now but not all hope is lost. Mark discusses the current market vibes amid the pullback with Blockworks Katherine Ross: ▪️No significant tech catalysts yet. ▪️Memecoins diluting value, but some have lasting potential due to strong communities and entertainment value. ▪️Profit-taking from early adopters, but institutional buying interest is strong. ▪️Thematic coins like real-world assets and DePIN are gaining traction.
The markets are seeing red. “What’s interesting is that there’s been no significant technology of yet to build a catalyst. We do feel that sentiment has been basically revolving around most of the same players,” Mark Wong, HashKey OTC’s head of trading, said. https://lnkd.in/g7fUM5QJ
