In the latest edition of the Crypto Finance House View, we cover the following topics:
Market Review & Outlook
Despite crypto markets remaining range-bound over the past month, various signals that we track still point to a recovering underlying crypto-economy. For example, revenues across various protocols have increased well off their lows since the post-FTX recovery, and daily active users on Ethereum, for example, are up year-over-year. Given these developments, our view remains optimistic over the medium- to long-term. While in the short-term there may be headwinds due to a volatile macro environment and sporadic headlines related to regulatory pushback in the US, we regard these circumstances as attractive buying opportunities for anyone interested in building their strategic crypto exposure.
By Friedrich Herzog
Technical Analysis
BTC/USD has consolidated its strong upmove from USD20k to 28k. Key supports must hold to defend the major reversal pattern (inverse head and shoulders formation). Short term, there is a danger of a correction that could attack the neckline at USD25k. However, as long as BTC/USD trades above this level, the reversal pattern will stay valid. The long-term RSI model still indicates promising entry levels to participate in the big cycle.
The relative strength of ETH vs. BTC after the Shapella upgrade has lost steam. The weekly chart has continued without a break of the trendlines in price and RSI –the charts still favour BTC over ETH.
By Michael Zbinden
Crypto Finance Cycle Indicator for Bitcoin
By Crypto Finance Asset Management team
Interview: Decentralised Autonomous Organisations (DAOs) – Challenges and Opportunities for Collaboration and Governance
In this interview, Florian Spychiger, a researcher at the ZHAW Institute of Organizational Viability and the UZH Blockchain Center, discusses the challenges and opportunities associated with Decentralised Autonomous Organisations (DAOs). He also elaborates on his current research focus and discusses potential use cases for DAOs, as well as where to find useful information on this evolving field.
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