The total cryptocurrency market cap is at an all-time high today, nearing $3T in total investment
— Bitcoin ($BTC), the market leader, looks poised for a breakout to new highs as well.
This comes as no surprise to LikeFolio…Thanks to the unique advantage provided by our social data, we’ve maintained a confident bullish outlook throughout 2021.
The crypto market suffered a hefty correction in May, falling nearly -50% from a euphoric all-time high. Many analysts saw the rapid decline and assumed the worst, but we remained steadfast. Why?
We didn’t see an equivalent downturn in investor interest.
In the months following the May sell-off, consumer Mentions of buying and investing in cryptocurrency bottomed out on a 90-day moving average up +435% vs. the prior year