Ah, predictions. Who doesn’t love a good guess made in public?
The problem with predictions is that when you’re right, it’s a coincidence, and when you’re wrong, people make fun of you.
I don’t dabble in predictions.
That said, we can set some realistic expectations, can’t we?
From an on-chain perspective, the market’s starting to rebuild the foundation it lost earlier this year.
Let’s look only at Bitcoin. Wherever Bitcoin goes, the rest of the market always follows. We can use Bitcoin to get a sense of what we can expect in the next few months.
New address growth has ticked up after trending downward for most of the year.
Among the cohorts of existing wallets larger than .1 BTC, we see growth, too.
Stablecoins continue to rise.
