ATH(All Time High) of total stablecoins market cap was May 2022. Then, it plummeted, and has been sideways. In the recent few months, it's been a little bit recovering.
I think the total stablecoins market cap is correlated with the crypto market condition. Cause, it means the liquidy in the crypto market such as M2. So, if it breaks the ATH next year, the crypto market will be more bullish than this year.
I don't know what's gonna be a trigger increasing stablecoins supplies. It might be approvals of spot BTC(Bitcoin) ETFs. Institutions will need more stablecoins to hedge risks, and may have them to settle their funds to cash.
This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
📈 Navigating the waves of the crypto sea! Your insights into the total stablecoins market cap are like a compass for understanding the crypto market's liquidity – a true reflection of its M2. The correlation with the overall crypto market conditions makes perfect sense, and the recent signs of recovery hint at exciting possibilities.
The prospect of breaking the All-Time High next year is akin to unlocking new levels in the crypto game. It not only signifies a surge in stablecoins but potentially heralds a more bullish era for the entire crypto landscape. The anticipation of this upward trajectory is electrifying!
Your speculation on the trigger for increasing stablecoin supplies, especially linked to the approval of spot BTC ETFs, is a fascinating angle. Institutions gearing up for a more robust hedge against risks and the potential for settling funds to cash paints a vivid picture of the evolving crypto ecosystem.
Here's to the ebb and flow of the crypto market, and the intriguing journey that lies ahead! 🚀💎
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit