• Crypto analyst suggests that adoption of Ethereum (ETH) layer-2 scaling solution and Paypal’s new stablecoin PayPalUSD (PYUSD) could trigger a massive bull run.
• Solana (SOL) recently hit a golden cross and is expected to continue rising in price.
• US crypto giant Coinbase launched Base, an Ethereum layer-2 scaling solution.
Crypto Analyst Predicts ‚Most Incredible Bull Market Ever‘
A popular crypto analyst predicts that the crypto market could soon take off on its strongest ever bull run due to increasing adoption of digital assets. The anonymous host of InvestAnswers, with 446,000 YouTube subscribers, believes two major developments will help drive some digital assets to new all-time highs.
Coinbase Base and Paypal PYUSD
The catalysts for the next massive bull run include top US crypto giant Coinbase’s newly launched Base, an Ethereum (ETH) layer-2 scaling solution, and PayPal’s new stablecoin PayPalUSD (PYUSD). According to the InvestAnswers host “you got the combination of Base from Coinbase, TradFi (traditional finance) you could argue [since it’s a] centralized exchange. And you got the PayPal stuff happening, deploying on Ethereum. Things are really getting exciting ladies and gentlemen. This could be the most incredible bull market ever.“
Solana Hits Golden Cross
Solana (SOL), another major cryptocurrency has hit a golden cross recently which has caused it to rise by 10%. It is currently up another 7% today with it being priced at $24.35 as of writing time. The InvestAnswers host states that “golden crosses do matter“ and „60% to 80% of the time the price does go up after a golden cross“.
The implications of this article suggest that both Coinbase’s Base and Paypal’s PYUSD have potential to cause widespread adoption which may lead us into one of the most incredible bull markets in history for digital assets such as ETH and SOL.
Daily Hodl Staff August 10, 2023 in Altcoins: https://dailyhodl.com/2020/08/10/crypto-assets-could-be-on-the-verge-of-most