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Crypto is the ultimate casino.
And in this world, the exchanges are the house.
When retail comes back, and risk appetite returns (which it inevitably will) - these are the biggest beneficiaries.
Last cycle, CEXs were the only viable options for trading.
But with an entire bear market of building under their belt, we_re going to see top quality DEXs with CEX-like ution.
Considering the current regulatory environment, the current shift from CEXs _ DEXs, and the rapidly improving UX of these products, I expect that next cycle there will be a whole lot of new users trading on chain.
And for that reason, it_s wise to keep an eye out for the best DEXs that are innovating and building top notch infrastructure.
By "top notch", I mean protocols with:
• A clean and intuitive UI, "stickiness" comes from UX
• A diverse range of trading pairs, and listings of the hottest new coins
• Competitive fees
• A strong referral program
This is where I_m placing some of my chips. ETH technical analysis
After struggling near the 20-day EMA ($1,639) for the past few days, the bulls succeeded in pushing ETH (ETH) above this resistance on September 19
The 20-day EMA is flat and the relative strength index (RSI) is near the midpoint, suggesting that the bulls are making a comeback. If the buyers maintain the price above the 20-day EMA, the ETH/USDT pair can rally to the 50-day SMA ($1,712) and then to $1,750. A break above this level would confirm a short-term double bottom. The target of this bullish setup is $1,959.
However, the bears may have other plans. They will try to pull the price back below the 20-day EMA and trap the aggressive bulls. A break below $1,600 could initiate a downside move towards the strong support at $1,531
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