Rising $219B stablecoin supply signals mid-bull cycle, not market top
A rising stablecoin supply can often signal incoming buying pressure from cryptocurrency investors.
The current crypto market correction is merely the middle of the bull cycle, not the top, based on the steadily growing stablecoin supply, which may signal more incoming investment according to analysts.
The cumulative stablecoin supply has surpassed $219 billion, suggesting that the current cycle is still far from its top.
Source: IntoTheBlock
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Author: Zoltan Vardai
