Analyst: Retail investors are beginning to return to the market, but not yet to the extent of the last bull market
Arca trader and analyst Kyle Doane said, "There are signs that individual investors are starting to return to the market, but they have not reached the level of the last bull market. Even cryptocurrency stocks like Coinbase and mining companies have shown greater volatility than many tokens." Oppenheimer Co analyst Owen Lau also believes that, based on Coinbase's consumer trading volume, "we have only reached 16% of the previous peak retail volume. With the return of funds from bankrupt entities, there is still a lot of potential for growth."
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.
You may also like
241202: XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple’s RLUSD Close to Approval
XRP zoomed nearly 10% in a 24-period from Friday to Saturday, reaching a local high of $1.92 to set prices previously seen in January 2018, when it briefly touched an all-time high above $3.40. The surge brought 7-day gains to 30%, outperforming bitcoin (BTC) and other majors, while 30-day gains st
Players with an ETH band win rate of 83.3% re-buy ETH
Bitcoin set for ‘insane long opportunities’ as it enters price discovery: Traders
Spectral Labs identifies Syntax vulnerability, pauses contracts