As the course of the first cryptocurrency at the prevailing levels, retail investors show more and more activity. They came to such conclusions in Cryptoquant.
Such a revival is often a sign of a revival of trust and can be an additional catalyst for the following price movements.
Although they can not always choose the optimal time, the behavior of retail investors serves as an important barometer of mood. Entering the market, they, as a rule, create positive feedback, increasing the pressure of customers, experts explained.
The category of retail investors analysts includes users with balances up to $ 10,000.
The demand metric associated with them (30 DMA) increased by 3.4% from April 28 to May 13.
Experts predicted the continuation of this dynamics in case of conservation of a bull impulse and the creation of prerequisites for a new wave of acceptance of the asset.
The Standard Chartered was called to buy the first cryptocurrency and predicted an increase in its quotes to $ 120,000 in the IV quarter.
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Source: Cryptocurrency
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