🔥🔥 Good News! 🤗🤗🤗
📌 The Crypto Market is Gaining Momentum Again! Yes, but for How Long?
The cryptocurrency exchange platform Bitvavo recently released its report for week 28. This report highlights the gradual recovery of the crypto market after a significant free fall. According to Bitvavo, although the last week saw a rapid decrease in prices, the weekend offered a recovery period, marking a moment of reflection for investors and market players.
A reasonable correction in a volatile marketBitvavo states that despite the price drop, the correction remains within crypto market norms. For example, Bitcoin reached its lowest point at $49,400, representing a 27% decline from the peak of $67,500. Historically, corrections of 30% to 40% have been common in previous bull markets, suggesting that the current situation is not unprecedented.
The crypto exchange report also indicates that the trading volume during this decline was not remarkable, and there were no massive liquidations of futures positions. This could indicate that the majority of the market is not in a state of panic but rather taking a wait-and-see approach.
📢 io Token price prediction
10. Net Token Future and Price Prediction:
10. Net token, the native cryptocurrency of the 10. Net ecosystem, has a promising future ahead. With the growing adoption of decentralized Al computing and the increasing demand for cryptocurrency, 10. Net token is poised for significant growth.
Price Prediction:
Short-term (2024): $6 - $8
Mid-term (2025-2026): $10-$15
Long-term (2027-2030): $20-$30
Speculative (2035): $50 - $100
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