JULY COULD REMAIN GREEN FOR CRYPTO AFTER ALL
I always check this site since I encounter the use case to see the return of BTC every month. The first three month was green so green it was like a honeymoon to $64k for BTC. April through June was the reality kicking with May BTC alone fell to 35%. It was any bad name you can call it. July tends to follow the same trend. With 6 days to go, the mold broke the camel back. BTC market changes course and we can see $40k anytime. As many understand BTC itself cannot hold the market.
We have more than BTC to look upon. We have to admit a green pasture for Bitcoin leads the way for alts to graze. Having Amazon accepting crypto sometimes this year will project another positive diagram for crypto holders. I guess we need more of that feed of good news. Most of the stock with crypto business all turned to green as well. Many may not want to hold crypto but they will purchased everything with crypto flare.
I was looking at Hive in the motion to understand how it behaves in the market by itself. Hard to predict the direction, dollar wise it grows up to 9% average, against BTC not so good. We barely maintain 900 satoshis while BTC is upping its trend. Right now it might look okay but the minute BTC value is going through the roof, Hive needs to maintain its balance to match the growth.
I have said many times community holds the real value in the market. July seems to understand the emergence of the market and show its true face. While the market is posting soaring numbers, it could be the beginning of something ggod for the rest of the year. I was waiting for July and August to go flat and September should be the key maker month. I guess the market cannot wait for that long knowing up or down profit is needed. Crypto is the place with crazy volatility you can make your fund back quick.
I wrote recently about the power of proof of stake that we use with Hive directly delegated proof of stake. Staking is making its wave throughout the market with DEFi and many tokens that allow it to happen. It is the most passive way to earn big in the crypto sphere. The banks are looking at it and surely will jump by offering it to their customer in the future. JP Morgan sees a $40 billion market by 2025. The fees from this business is what the banks are looking for. Having Ethereum jumping ship from POW to POS is a training boat waiting to happen. Hopefully this rise in BTC could be the beginning of something bigger than price differential. It summons one clear path for us, crypto is here not just to stay but to grow and bring a fair share of abundance to all focus at it.
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