The cryptocurrency market has stabilized after a strong correction, with the Mean Dollar Invested Age (MDIA) index indicating increased network activity, often a sign of a long-term upward trend.
- The MDIA of Bitcoin decreased by 31% over the past 60 weeks, currently at 439 days. XRP decreased by 22% over 14 weeks, now at 865 days. Dogecoin saw the largest drop, down 31% over 8 weeks, now at 370 days. 📉
- This trend indicates activity from large wallets, as older coins return to circulation, similar to the price surges in 2017 and 2021.
- Dogecoin increased by 4%, trading near $0.42. Experts forecast a new upward trend, with a target of $3 and potentially reaching $18 if market conditions are favorable. 🚀
- XRP could attract significant investment thanks to RLUSD, competing with USDT and USDC, expected to trade between $5 and $7 in the first half of 2025.