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DWF Labs: The crypto market may be flat in the short term, but is expected to turn around in the second half of the year

DWF Labs: The crypto market may be flat in the short term, but is expected to turn around in the second half of the year

Bitget2024/04/27 15:02

According to Mars Finance, DWF Labs co-founder Andrei Grachev said on social media that the current cryptocurrency market seems to have entered a rather calm or even boring phase, and more drivers are needed to drive capital inflows. Grachev believes that it is a good period for construction, but the timing of investment and financing is average.

Grachev predicts that the market may continue to fall or go sideways in the next few months, after which market activity will increase, and Ethereum ETFs may be launched, driving the market back to bulls. But he also reminded investors to do their own research (DYOR).

Data shows that Google search popularity has fallen back to the level of December 2023. But interestingly, even if the public's interest in cryptocurrencies has not hit previous highs, the market has still hit new highs.

In addition, the total market value of cryptocurrencies is currently about $2.2 trillion, fluctuating between $1.9 trillion and $2.8 trillion, which has brought fear and greed, but has not yet formed a trend, just market fluctuations. Altcoins account for about 19%, and investors sell some altcoins to buy other altcoins, but mainly buy Bitcoin, Ethereum and stablecoins. There is still a certain amount of blind optimism in the market, but it now seems a bit unrealistic. Trading volumes have fallen back to the levels of November and December 2023, and the market is quite calm.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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