• Crypto analyst predicts that digital assets could soon see its ‘most incredible bull market ever’ due to two major developments in the crypto space.
• Coinbase’s new Base and PayPal’s stablecoin PayPalUSD (PYUSD) are expected to fuel the next massive bull run.
• Solana has recently hit a golden cross which indicates potential for upwards movement.
Crypto Analyst Predicts Incredible Bull Market
A popular crypto analyst predicts that digital assets could be on the verge of experiencing its most incredible bull market yet, thanks to two major developments in the crypto space. The anonymous host of InvestAnswers tells his 446,000 YouTube subscribers that 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).
Coinbase’s New Base
Coinbase’s new Base is an Ethereum layer-2 scaling solution that enables users to make faster transactions with lower fees. It also allows decentralized applications to be built on top of it, enabling developers to create more complex financial products and services such as synthetic assets, flash loans, and atomic swaps. The new service is seen as a way for Coinbase to increase adoption of cryptocurrency among retail investors by making it easier and more accessible for them to buy, sell and trade digital assets.
PayPal’s Stablecoin PYUSD
PayPal has also launched its own stablecoin called PayPalUSD (PYUSD). The coin is pegged 1:1 against USD and is designed for fast payments across different international markets using blockchain technology. It will also enable merchants on the platform to accept payments in cryptocurrencies without having to worry about price volatility or exchange rate risks associated with traditional currencies like USD or EUR. This has been seen as another significant step forward in terms of mainstream adoption of cryptocurrencies by providing users with an easy way to transact with digital assets without having to worry about price fluctuations or long transaction times.
Solana Hits Golden Cross
The InvestAnswers host also says that Solana (SOL) just hit a golden cross and predicts the Ethereum competitor will continue to make moves upwards over time. A golden cross occurs when a 50-day moving average crosses through a 200-day moving average, indicating potential for upwards movement in prices over short-term trading periods. Solana is currently trading at $24.35 at time of writing – down 0.6% during the last 24 hours – but this golden cross could indicate further upward potential over coming days or weeks depending on market sentiment towards SOL tokens specifically or altcoins generally at any given time..
Conclusion
The combination of Coinbase’s Base scaling solution, TradFi exchanges, and PayPal’s stablecoin PYUSD are expected by some analysts as catalysts for what could become one of the most incredible bull markets ever seen in cryptocurrency history – especially if other projects like Solana maintain their current momentum towards hitting golden crosses more regularly going forward as they have done recently already once already since August 10th 2023