Recently, crypto analyst / influencer Elliot Wainman, owner / host of the YouTube channel “EllioTrades Crypto”, spoke to over 340,000 subscribers about two L1 blockchain projects: Solana ($ SOL) and Kusama ($ KSM).
“I wanted to report here about Salona, which only has 30% less. As you can see, for the last 30 days or so we’ve had the big drop here in May, but it’s only been higher lows and higher highs since then, and it’s trying to break through this resistance that was created by these these Bases around, you know, $ 42.
“Again, a really bullish chart and you can see here that these high quality L1s here really defy gravity and behave better than these other alts in the ecosystem, and of course the other one you know fits that description is a T Kusama. I mean, look at this Kusama chart. It’s absolutely incredibly bullish here, even after this shocking decline, back about 30% from its highs.
“Both charts are moving in a fantastic direction. It shows you that the projects with really strong fundamentals are going to fare differently here and of course Kusama has their upcoming Parachain auctions this month, which is one of the best tokenomics you can have – just essentially permanently banned or not permanently, but for years and blocks huge amounts of supply.
“You’re doing this in partnership with Kraken – a really interesting endeavor here, but again, this is just one of the best charts in crypto, and it shows you again that this Polkadot ecosystem, especially those key coins in it – DOT and KSM.” – If these parachain auctions are going around they will be driving a lot of token speed and I believe there will be some seriously bullish days for these. ”
The views and opinions of the author or the persons mentioned in this article are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading in crypto assets carries the risk of financial loss.
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