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Is The Bull Waiting For Autumn ... ?

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@acikgoz
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Hello to my friends who love life and keep smiling despite all kinds of negativity. Cryptocurrency markets have started to revive with the activity of NFT projects in the last week. Most experts began to say that we are back in a bull trend. Really ?

If you're ready, let's start … ?

Let's go back a bit...

With the onset of the Covid-19 pandemic, the cryptocurrency markets entered a bullish trend led by Bitcoin. Afterwards, with the discovery of the vaccine, governments began to put pressure on the stock markets where Bitcoin and cryptocurrencies were traded, thinking that the economy would recover. The Chinese government has banned cryptocurrency mining.

What happened then … ?

It became clear that the discovery of a vaccine would not end the pandemic. Variants of the disease are constantly emerging. For this reason, even though there are signs of decrease in the summer months, it seems that it will turn into a nightmare again in the fall… (I don't want it to happen, it makes me very sad that people around me get sick and die, but the data shows this…)

This gives strong signals that there will be an Autumn rally in Bitcoin and cryptocurrency markets.

The fact that the FED did not raise interest rates increased the inflation expectation. They will print more money for the economy, which will be reflected in cryptocurrencies. That's what happened in the past.

History repeats itself…

People will forget to socialize, they will turn to virtual worlds… They will establish new worlds for themselves in virtual worlds, real life and virtual life will be mixed.

The bull run of Non-Fungible Token (NFT) projects that create games and virtual worlds on the blockchain, especially AXS, ALICE, MANA projects, has started. Seeing this situation, especially institutional investors started to line up to fund these projects. It will be a negative wind for the leading exchanges of the cryptocurrency markets to take steps to work in harmony with the governments. Coinbase goes public, Binance US announces IPO plan...

The developments I mentioned will have a positive impact on DEFI cryptocurrencies. People who want to provide passive income with their cryptocurrencies and who will make long-term investments will turn to DEFI projects. The most important actors of the DEFI sector are; AAVE, UNISWAP, PANCAKESWAP,… Especially AAVE offers investment options suitable for the regulations for institutional investors…

Note : Ampleforth (AMPL) and Ampleforth Governance Token (FORTH) started to attract attention.

As long as bitcoin stays above the 200-day moving average, there is a chance for a fall bull.

Don't forget the cryptocurrency cycle.

Bullish Cycle ..

My last words; friends, Autumn will be the beginning of winter, but the storms that will occur will lead to the second bull rally of cryptocurrencies. Analyze the cryptocurrencies you will invest now, buy at affordable prices and wait. Those who always invest before the rally earn more. When you reach the profit rate you have determined, you will receive your profit…

As I always say, listen to everyone, decide for yourself...

Buy when everyone is selling, sell when everyone is buying...

I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch... Take care of yourself so that you and the people around you will be happy...

Posted Using LeoFinance Beta