Crypto Resurgence Just Getting Started According to Key Market Indicators
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Bitcoin's market value compared to its realized value (MVRV) shows crypto is far from peak levels when bull markets tend to lose steam.
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Coinbase trading volume is currently at $154 billion, far below its 2021 peak of over $548 billion, indicating investors have yet to fully return to crypto.
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Decentralized finance (DeFi) value is around $85 billion, well below its November 2021 peak of over $175 billion.
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Historical data shows crypto reaches new all-time highs each market cycle, suggesting plenty of growth potential remains.
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Key metrics like MVRV, trading volume, and DeFi value indicate crypto's recent resurgence is just scratching the surface of its potential.