Updated: Jul 28, 2021
Thanks to Rob at Digital Asset News for his research on MELD (video linked: https://danteachescrypto.com/course-home-modular/module-4-reviews/) Sign up and watch and learn about this new way of Crypto Banking!
"MELD will go down in the history books as among the first projects to change the world of finance completely!" Rob at DAN
Rob also says "MELD cuts the banks and their astronomical fees and high interest rates right out of the equation and offers its customers a safe and affordable loan option using crypto."
What FNL Crypto DNA has deduced from learning about MELD is that it's DIFFERENT than Celsius and other DeFi in that you get to keep the gains on the asset held in collateral while benefitting from being charged extremely low interest rates of between 2-3%!
So, if you use your BTC or ETH as collateral and the staking is 5-12% you get to keep that part of the deal when getting a loan with MELD!
Let's do a quick chart review! From the beginning of Cardano/ADA's breakout the start of 2021, ADA has had a .618 Fib Retracement! Bottom support is $1.00 and it looks to be holding and ready to go to the other side of the Bollinger band/mid-channel, putting it at $1.68 as early as July 15th.
More and more DApps & DeFi will be built on Cardano seemingly making ADA a solid long term HOLD! If it did close below the $1.00 USD, then approximately $0.70 would be the next stop! We at FNL Crypto DNA believe that in the next 5-15 years that the crypto market will be in the 300-500 Trillion $$$ range. Come and check us out and enjoy a great group of peer-to-peer sharing and collaboration!
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