The summer season is starting for cryptocurrencies, but the term “season” is nothing more than seasonal. Experienced cryptocurrency investors know that when the weather gets warmer, everyone sells and goes on vacation. This year, the environment is more than suitable for the same scenario to occur. Staying on the sidelines may be a good option as the US-Iran negotiation chaos continues and the new Fed chairman warms up to the institution.
Sell it and go on holiday
This is what we have seen with cryptocurrencies for years. Analyst with the pseudonym DaanCrypto, who examines Bitcoin price performance on a monthly basis May It reminds us that there are stable sales as of now. May is the sixth best month in terms of average return and volatility is shrinking as of this month. Since volumes also decrease along with volatility BTC We see that boring times begin for us.
Moreover, this year Iran negotiations, new Fed Considering the president’s adaptation process to the institution, the summer will pass quickly. As we move towards November, it is assumed that the selling pressure in cryptocurrencies will increase due to the midterm elections, so it is reasonable for the bulls to suffer more in the May-July period.
While the article was being prepared, Iranian sources announced that air defense systems were again activated. It is being said that Trump will make a “limited” attack to resolve the deadlock in the negotiations these days, and the best time for Trump may be the coming hours while the stock market is at its peak.
BAT Coin warning
Santiment issued a “do not sink” warning for BAT Coin today. On-chain data can sometimes be misleading, and we see events such as airdrops giving rise to “fake activity” related to crypto networks. Buyers who think that network activity is getting stronger and that this reflects the interest of individual investors may lose money from their purchases when they go into detail.
BAT Coin There is such a situation for. The highest address activity in the last 6 years is experienced in the Basic Attention Token network, which has rapidly lost value since its peak at $0.3 5 months ago and erased 60 percent of its market value. After BAT Ambassadors established a DAO and transferred 73 million GUANO tokens to it, 5,196 unique addresses interacted on the network.
“Building on previous discussions and community calls throughout March, BAT community participants and ambassadors formalized this DAO initiative linked to governance, experimentation, and incentive alignment within the ecosystem. The transfer of tens of millions of $GUANO tokens likely required thousands of wallets to claim, move, or interact with the new system, which explains the sudden explosion in daily active addresses. In short, this wasn’t just an organic “individual investor rollout.” It was structural, forcing dormant or inactive wallets to suddenly come back on-chain.” “It was an event.” – Centiment
The long-term value of BAT still depends on growth in adoption and utility within the Brave ecosystem. But this hasn’t happened yet. If you see people sharing positive evaluations about BAT Coin based on on-chain data, the real reason for the on-chain activity should definitely come to your mind.
