Q3 Brings A Bullish Market Recovery
Things are waking up fast in the crypto space.
“Optimism is a strategy for making a better future, because, unless you believe that the future can be better, you are unlikely to step up and take responsibility for making it so.” ― Noam Chomsky
In a recent report from Joanna Ossinger of Bloomberg Press, total market volume has now gone above $2,000,000,000,000 (Two Trillion) USD, Bitcoin (BTC) is near the 50K mark idling at around $46,500 USD in a morning dip and the rest of the market is beginning to pump in heavy correlation. Ethereum (ETH) is looking strong at $3,275 USD which has brought a substantial increase in mining profits from the bottom of the crash.
Altcoins are primed for an altseason, and we even have meme coin (Dogecoin/DOGE) FOMO pump calls trending on Twitter again. Daily trends have been fairly reliable without much in the way of substantial dips, only typical market corrections percentage-wise, not even in a wide swing for Bitcoin, although alts have maintained larger swings. Some alts, such as Cardano (ADA), are seeing just the type of action they have been waiting for.
I think it's fair to say we are not in a bear market, and the bulls plan to hit hard this Autumn. I feel for those that didn't think the day would come after the crash, but if cryptocurrency has proven anything, it is resilience.
Such is why I dubbed Bitcoin 'The Phoenix Currency' as so many love to say it's dead or dying every time it crashes, but then we set new ATH's (All-Time Highs) and all we hear are crickets from the FUD'ders (People spreading Fear, Uncertainty, and Doubt) while those who held count their gains, which have only just begun.
I do not pretend to know the future, but an accurate representation of what we are currently dealing with and looking at, combined with common sense and a bit of experience would indicate, to me, that we are in for a large increase in total volume and mid-market prices this Q4.
I've begun working with a new company doing a new form of technical writing and if all goes well that will likely become a long-term contract, I will provide details later on, and while things are still uncertain, republications may be a possibility as it would improve exposure.
Things have been wild for a while now. I hope everyone is fairing well through these interesting and unprecedented times, I never would have depicted such a world in my lifetime; hopefully, we will leave it better than how we found it.
Let me know your thoughts & feelings in the comments!
-Thomas Wolf
Pronouns: He/Him/His
DISCLAIMER
I am not a certified financial, tax, or legal advisor, analyst, or planner. The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes. I am not responsible for any losses or damages incurred due to misinterpreting my personal opinions for professional advice.
Sources:
https://www.bloomberg.com/news/articles/2021-08-15/crypto-market-retakes-2-trillion-market-cap-amid-bitcoin-gains
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