OVERVIEW
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Hey 👋 

It’s Spiral Strategies, back to give you the pulse of the crypto market. Here for you in sickness and in health.

Here’s what’s on the agenda today:

• Banks Start Using Crypto 💰️ 

• Solana speeds to number 1 🏃 

• Bitcoin Pumps Defi Adoption 💱 

• Token spotlight — Badger DAO 🔦 

NEWS

BANKS INTEGRATE CRYPTO

Chainlink, like Rocky Balboa, doesn’t quit.

The Depository Trust and Clearing Corporation (DTCC) has teamed up with Chainlink (LINK) and institutions like BNY Mellon, JPMorgan, and Franklin Templeton to pilot Smart NAV.

Their aim was to accelerate the tokenization of funds as easy and fast as ordering a pizza.

They nailed it, showcasing blockchain for digital funds and smart contracts.

LINK shot up 7% to $15 while the rest crypto market trends lower.

Solana Races to the Top of CoinGecko’s List

On April 6th, during the memecoin craze, Solana hit a record high of 1,504 transactions per second (TPS). To put it in perspective, Ethereum only managed 22.7 TPS.

Despite its speed, Solana has only hit 1.6% of its theoretical max speed of 65,000 TPS.

As of now, Solana’s price is $172, up 7.63% in the last 24 hours. In our last edition we revealed where we will be picking up more Solana

NARRATIVE SPOTLIGHT

Decentralized Finance — The Future Of Finance

Think of DeFi as the John Wick of finance, eliminating middlemen and centralized institutions.

Instead of banks and brokers, DeFi uses cryptocurrencies, blockchain technology, and smart software for direct financial interactions.

DeFi had a massive glow-up in 2020, turning from a niche concept into the talk of the town.

But lately, it's been a second thought for crypto investors.

Today, I'll explain why DeFi is a lucrative narrative set to dominate crypto for years!

Bitcoin and DeFi: A Match Made in Crypto Heaven

Bitcoin's market cap is over $1 trillion, worth more than Visa and Mastercard. Many Bitcoin investors don’t know they can earn more BTC through DeFi apps.

Enter Badger DAO, bridging Bitcoin and DeFi by creating financial products to put your Bitcoin to work in the DeFi ecosystem.

TOKEN SPOTLIGHT

Badger DAO — Making Bitcoin Work for You in DeFi

Badger DAO makes earning interest on Bitcoin easy.

Deposit BTC into Badger’s DeFi products, and your Bitcoin is spread across protocols to earn high yields through a simple interface.

Badger DAO's “Sett Vaults” make it easy to earn interest on your Bitcoin by pooling it for automated earnings, while seamlessly handling all technical details.

By bringing Bitcoin into the DeFi space, Badger DAO offers simple ways to earn interest on your BTC, promoting wider adoption of Bitcoin in decentralized finance.

Now is it time to invest in Badger?

We’ll show you why we believe it is, after a word from our sponsor 👇️ 

TOKEN ANALYSIS

Badger Price Prediction

The BADGER token often moves with the price of Bitcoin because Badger DAO is heavily involved in Bitcoin-related projects.

Essentially, when Bitcoin does well, Badger DAO's projects can also thrive, potentially boosting the BADGER token's price.

This correlation with Bitcoin allows for strategic investment opportunities in Badger.

Badger Weekly Price action

Looking at the weekly price action, we see that Badger has been in a significant downtrend since late 2021, currently down 92% from its 2021 high.

Most trading has occurred between $1.9 and $4.5, as indicated by the large yellow and blue volume bars.

Badger Daily Price action

Zooming into the daily price action, Badger has been in an uptrend since September 2023, gaining 457%. This surge is closely linked to Bitcoin's recent institutional adoption, which has driven Bitcoin to new all-time highs.

When we overlay Bitcoin's price action (depicted by the orange line) with Badger's, we see a strong correlation.

Given this, investors should consider Badger as a potential investment. But where’s the best entry point? That’s where we come in. 😉

Ideal Entry for Badger DAO

Badger is currently in ideal accumulation zones, with several factors suggesting it's the right time to buy:

• Accumulation Zone: $5 to $3.7

• Significant Accumulation: $4.7 to $3.6

• Bullish W Structure: Forming at the ideal accumulation zone

• Bullish W Structure in RSI: Indicates potential upward momentum

• Steady Volume: Suggests holders are maintaining their positions

Given these factors, we believe it's an ideal time to buy Badger at market price. However, considering the seasonal downtrend, prices could go lower. To mitigate risk, we recommend a dollar-cost averaging (DCA) approach with the following strategy:

1. First entry at market value ($4.2)

2. Second entry at $3.6

3. Third and final entry at $3

This strategy will result in an average entry price of $3.6, spreading risk and potentially enhancing returns.

Target Take Profit & Stop Loss

Once we've established our ideal entry, it's crucial to set a well-defended stop loss.

The perfect stop loss is below the strong base of accumulation, positioning us to capitalize on the next leg higher with a manageable risk window of only 35%.

Stop Loss: Below the accumulation zone to minimize risk.

Take Profit: Sell half of the position at $7.2 to establish a risk-free position.

This is a realistic target given the price gap between $5.8 and $8.3.

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