The crypto community expects parabolic shifts in the coming months for Bitcoin and crypto.
Two events that fuel positive sentiment are the $1 billion USDT mint on Ethereum.
The second is Trump’s World Liberty Financial launch and the tokenomics of the WLFI token.
The crypto market has always been a volatile space but what sets bull run seasons apart are its intense shifts in price action caused by market movements. Analysts spend months and even years eyeing key price movements based on the market’s many technical moves, but often big shifts in the space come from political and psychological moves.
Historic Moves Pave Way to Crypto Bull Run
In the current crypto space, some of the key indicators being watched are the US Presidential elections, Trump’s crypto platform World Liberty Financial launch for crypto lending and borrowing services on Ethereum, and the minting of $1 billion USDT on the Ethereum network have taken the spotlight.
https://twitter.com/cryptoquant_com/status/1835963073103822971
As we can see from the post above, CryptoQuant questions of the $1 billion Thether mint will have a positive effect on the market. To this, it confirms that it is indeed a positive development as it indicates a large inflow of capital. More importantly, this is stable capital that can be used for transactions, meaning more liquidity for financial markets.
The post goes on to explain that Tether’s total market cap now stands at an astounding $55 billion and the newly minted USDT will be used over time. This marks a general surge in crypto and stablecoin demand and injects a massive surge of liquidity for all parties involved.
Ethereum Network Welcomes Two Significant Moves
As this $1 billion USDT was minted on the Ethereum network, one cannot help but wonder about the strategic timing of US Presidential candidate Donald J. Trump, launching his crypto platform offering lending and borrowing services on Ethereum.
https://twitter.com/CryptooIndia/status/1835907948133949471
Knows as World Liberty Financial, the platform will come with its own crypto native token, WLFI. This non-transferable governance token will be sold under the SEC regulation where 63% is allotted to public sale, 17% allotted to user rewards, and 20% to team compensation. It is only a matter of time before all this buzz channels into a frenzy of an epic bull run as many analysts expect.
The post Crypto Bull Run Gains Momentum Fueled by the $1B USDT Ethereum Mint and Trump’s Crypto Platform appeared first on Crypto News Land.