The price of the second in capitalization of cryptocurrency has formed a local bottom and has a potential for further growth in the second half of the year, according to Cryptoquant platform experts.
Essential overheating indicators are much lower than in past asset growth cycles. Therefore, the correction of the course, if it happens, will be short -term, analysts are sure. Cryptoquant experts noticed that, within the framework of the current cycle, the ether behaves with restraint, without high volatility. They called on investors to pay attention to altcoins – against the background of smooth increase in the cost of cryptocurrencies.
For the first time in a year last week, the volume of spotal trading of the broadcast reached $ 25.7 billion, and Bitcoin-$ 24.4 billion. Eth-ETF positive dynamics of capital influx continues in a row.
Large companies continue to buy cryptocurrency, which pushes the growth of quotes. The gap between demand and supply will most likely continue to grow, suggest analysts by Cryptoquant.
However, it is not known how long such an imbalance will last. It is likely that investment funds will begin to fix profit when a coin of $ 4000 is reached, representatives of Cryptoquant concluded.
Earlier, the investment director of Bitwise, Matt Hawgan, said that the main reason for the growth of the ether is a significant flow of funds to exchange funds for this second capitalization of cryptocurrency, as well as large companies purchasing an asset for the sake of staming.
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Source: Cryptocurrency
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