And, it's been approaching 2022 ATH(All Time High). This marketcap means the liquidity of the crypto market. So, the recent recovery is better than the decrease.
Compared to the BTC(Bitcoin) price, this marketcap and the BTC price appear overlapping. But, the altcoin marketcap isn't.
If the inflow of stablecoins increases more, and this marketcap breaks 2022 ATH, the crypto market will prosper again.
I've been enduring more than 3 years again like Jan 2018 ~ Dec 2020. It's not much different waiting for 3 years and 3.5 years 😜
This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted! Thank you for supporting witness @jswit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post has been upvoted by @nixiee with a 58.589377451022926 % upvote Vote may not be displayed on Steemit due to the current Steemit API issue, but there is a normal upvote record in the blockchain data, so don't worry.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah...with the US printing 1 Trillion dollars every 90ish days, expect more and more TVL in stables because inflation means that dollar for dollar it will take more to buy the same thing. Good to know though. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The total stablecoin market cap breaking this year’s ATH is a monumental milestone for the crypto market 🥳. As of today, stablecoins like USDC and USDT are playing a crucial role in the liquidity of the market, representing over $100 billion in market capitalization [1].
This recovery signifies a stronger and more resilient market compared to the declines we've seen previously. Notably, the recent overlap of stablecoin market cap with BTC prices showcases their intertwined growth, while altcoins are yet to catch up. If the current inflow continues and we surpass the 2022 ATH, the crypto market is poised for a significant upturn.
For those who have been holding on through the tough times, like the 2018-2020 bear market, this progress is a testament to the potential of staying invested and believing in the long-term prospects of crypto. The next few months will be crucial in determining if this trend continues.
Let's keep this momentum going! Follow me for more insights and don’t forget to upvote if you found this informative! 🚀
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit