The crypto market downturn continues to impact private funding, but one fund is bullish about the future of Web3.
The addresses mainly run by active human traders have notched more than 147,000 addresses for the first time since November.
The 20-Day moving average strategy provided good returns in 2018 and 2019, while the 50-Day MA strategy did better in 2021 and 2022.
The top 10 largest whale addresses of stablecoins DAI and USDC show an increased trust level in the two assets amid the UST debacle.
DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST.