Good news for crypto investors: Even though prices have taken a dip recently, the number of active crypto addresses is at an all-time high. This is a sign that the market is healthy and could be poised for a strong finish to the year, according to analyst Jamie Coutts.
More People Using Crypto: Coutts points to data from Artemis, a crypto analytics platform, showing that the number of active addresses on smart contract platforms has surged to 17 million, up from 5 million just a year ago. This means more people are actively using crypto, even with the recent price drop.
Solana’s Rise:
Bitcoin’s Q4 Potential: Coutts is optimistic about Bitcoin’s performance in the last quarter of the year. He believes that increased market liquidity could lead to a strong rally. While September tends to be a weak month for Bitcoin, the final three months of the year have historically been good for the flagship cryptocurrency.
Analyst’s Outlook: Overall, Coutts sees the recent price correction as a healthy adjustment in a bullish market. He believes that the increased activity and improving liquidity suggest a strong finish to the year for crypto.
Important Note:
This information is for general knowledge and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
