🚀 Hey, crypto fans! There is some interesting news from Coinbase Research and Glassnode. They say the current price trends for Bitcoin (BTC) and Ethereum (ETH) are similar to previous years, where their prices jumped 500% and 1,000%. Wow! 😲
✨Here are some important points:
– This research revealed similarities between the current crypto market cycle and the 2018-2022 period.
- There are several cyclical measures that reflect past trends, such as earnings/unrealized and profit supply.
- Despite the potential positive impact of the upcoming Bitcoin halving, Coinbase Research remains cautious.
🔍 Additionally, there is also an analysis of Ethereum:
- ETH price soared more than 90% in 2023, driven by factors such as the success of the Shella upgrade and the possible approval of a crypto ETF.
- Analysts are focusing on the next Ethereum upgrade, called Cancun, which is expected to improve scalability and security.
Come on, let’s discuss more in the comments column! Are you optimistic about current crypto market trends? 😄
