THELOGICALINDIAN - Bitcoin and the absolute cryptocurrency bazaar could be on its aftermost legs according to advisers from Juniper Research
The End is Near
A contempo abstraction by Juniper Research titled, The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023, warns that the accepted abstruse bureaucracy of the absolute cryptocurrency bazaar indicates the achievability of a absolute bazaar implosion.
According to the study, circadian Bitcoin (BTC) [coin_price] transaction aggregate fell from 360,000 in backward 2024 to aloof 230,000 circadian affairs as of September 2024. At the aforementioned time, the amount of these circadian affairs additionally fell from $3.7 billion to beneath than $670 actor and the clip of cryptocurrency affairs aural the absolute bazaar apprenticed from $1.4 abundance in Q1 of 2024 to beneath than $1.7 abundance for the absolute year.
Wait for it… it Gets Worse
Researchers went alike added by suggesting that “based on action during the aboriginal bisected of Q3, Juniper estimates a added 47 percent quarter-on-quarter bead in transaction values.” The address additionally acclaimed that the cryptocurrency bazaar bootless to assemblage amidst close geopolitical contest such as the U.S. – China barter war and Brexit-related issues.
While handfuls of acclaimed analysts, hedge armamentarium managers, and venture capitalists are bullishly forecasting a bitcoin and altcoin trend reversal, Juniper referenced the beatnik “operating practices of abounding exchanges,” as able-bodied as apropos apropos the “innate appraisal of Bitcoin.” The address assured by saying, “We feel that the industry is on the border of an implosion.”
Do you anticipate Juniper is on the money with their crypto bazaar prediction? Share your thoughts in the comments below!
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