100% Technical. I'm going to work on a post that lists new fundamental drivers of UST growth and resultant Luna price action to the upside. For now I'll just guess that a cup and handle is filling in here.
Do want to say that Wisdom Tree, Ritzholz, Titan Investments, and many smaller asset managers are adding Luna either directly or through ETP crypto indexes. Every firm and ETP that I see has Luna as the third largest holding after ETH and BTC. Recently heard some of the guys from Ritzholz talking about Luna being the strongest (technical) asset in crypto 'by far'! Check out The Compound and Friends for the brief, bullish mention.
Do want to say that Wisdom Tree, Ritzholz, Titan Investments, and many smaller asset managers are adding Luna either directly or through ETP crypto indexes. Every firm and ETP that I see has Luna as the third largest holding after ETH and BTC. Recently heard some of the guys from Ritzholz talking about Luna being the strongest (technical) asset in crypto 'by far'! Check out The Compound and Friends for the brief, bullish mention.