As a seasoned researcher with over two decades of experience in the financial markets, I have witnessed firsthand the ebb and flow of trends that shape our global economy. The latest insights shared by DWF Labs on the crypto market are particularly intriguing, given my long-held belief that cryptocurrencies represent the future of finance.
DWF Labs, a key player in the cryptocurrency market making and venture capital industry, has provided its perspective on the major trends driving crypto’s midterm evolution. It appears that Bitcoin (BTC) continues to hold potential for further expansion, while meme coins are currently leading the way in terms of performance.
Bitcoin (BTC) gears toward $100,000 on strong trend, DWF Labs says
The significant digital currency, Bitcoin (BTC), is propelled towards $100,000 due to robust bullish energy that shows no signs of abating, according to a recent report by DWF Labs. This upward trend can be observed in the way moving averages (MAs) behave across different time periods.
We’ve recently unveiled our inaugural institutional report titled “Orange Man, Orange Coin”. This edition provides valuable insights into the current market landscape throughout the year, focusing on the growth of stablecoins and DeFi, as well as Bitcoin’s price dynamics.
— DWF Labs (@DWFLabs) November 27, 2024
Across all areas, Exponential Moving Average values have been steadily increasing from August through November 2024. The short-term momentum, represented by EMA 13 and 25, consistently showed a positive gap, with prices remaining above these averages during this period. Additionally, the midterm trend (EMA 50) served as a support level during market fluctuations, helping to keep the price afloat since September, staying above this average throughout that timeframe.
Looking at long-term trend indicators, the widening gap on the 100 Exponential Moving Average (EMA) suggests a strongly bullish stance has been evident since July.
Throughout the entire year of 2024, either Binance or Coinbase Premium remained consistently profitable. In the fourth quarter of 2024, there was a slight increase in Coinbase Premium, which is often a precursor to trend-based movements. Meanwhile, Binance Premium tended to signal broader market involvement.
As an analyst, I observe a significant surge in the supply of prominent stablecoins like USDT and USDC, which I view as a promising sign reflecting the current market climate. This expansion in overall crypto liquidity strengthens my belief that regulatory scrutiny over cryptocurrency engagement may gradually ease towards more lenient policies.
Meme coins still leading in returns amid broad upsurge
Although numerous Web3 sectors exhibit robust individual performances, it’s worth noting that meme tokens continue to dominate in terms of returns. This phenomenon might largely be due to the preference among retail investors for assets that generate attention and offer clear, relatable stories.
On a different note, less price instability in other markets could signal market maturity, potentially leading to an increase of funds flowing into the meme coin sector.
2024 saw a noticeable evolution in the cryptocurrency market, as different sectors exhibited distinct patterns of development and it became more apparent how institutions and individual investors behaved. Notably, Bitcoin showed impressive results, which were complemented by vigorous expansion across various sectors. Particularly noteworthy was the surge in meme tokens.
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2024-11-27 16:02