The fuel for the next rally is already here, it's in stable coins!
Over $100 billion sitting in stable coins currently
Curious where the fuel for the next rally is going to come from? Look no further than stable coins!
There's roughly $100 billion now parked in stable coins.
That's a significant amount of buy pressure that could come flooding back into crypto should things turn bullish again.
(Source: https://twitter.com/WClementeIII/status/1418997120674242572/photo/1)
While that in of itself doesn't mean the price of bitcoin etc is going to go up, there is some precedence here as well...
Based on that chart above the last time the stable coin ratio was on the lower bollinger bands like it is now, was right before significant moves higher in the price of bitcoin.
Check the chart above to see what I am talking about...
We have the right setup here for bitcoin to start it's next leg higher, now we just need a catalyst.
Could it be that a lot of the money in stable coins now will never move to Crypto but stay in Stable coins for yield farming?
Banks pay no interest yet stable coins yield high returns for the rich, without the risk of volatility.
It's possible that some of won't, but some of it will.