Politics, market trends, exchange-traded funds (ETF), Bitcoin volatility and the potential for significant drawdown present investors and institutions with unique opportunities for strategic returns and high earning potentials.
To help individuals, institutions, and investors identify opportunities, a data-driven approach with a high conviction for profitability has been identified to improve risk and greatly provide an exponential return within a short period.
To build on such success, many companies and users have leverage on automated trading strategies or data-driven approaches with the help of artificial intelligence that curates and leverages market sentiment for these users.
Utilizing on-chain data-driven approaches, such as market trends, and automated trading approaches, such as copy trading, enables users to reduce exposure to market volatility, especially during high-risk periods. This helps manage volatility and protect portfolios.
This article focuses on identifying key on-chain metrics with predictive power to foresee market downtrends and metrics favoring a particular market direction rather than being caught on the wrong side of the market.
Donald Trump Intertwined with Cryptocurrency
With a few months to go to the U.S. presidential election, Bitcoin and the cryptocurrency market remain optimistic. The result in the coming months from this election could have a huge impact on the market in general as the crypto market favors Donald Trump to come out top.
The intertwining nature of the crypto market can be seen clearly from Trump’s reaction, openly professing his likeness to promote the growth of Bitcoin and the cryptocurrency market in the U.S. as it plans to become the U.S.’s top adopter of cryptocurrency.
Following this likeness for the unique digital assets, the price of Bitcoin and the cryptocurrency market soared even higher after an assassination attempt on Trump as the price of Bitcoin rallied past $63,000, suggesting Trump’s odds of winning the U.S. election rose to over 70% within a day.
The rise in many digital assets, including memecoins such as Maga, Super-Trump, and all Trumped-themed memecoins, have all been on the rise, with many traders and investors investing more into these digital assets short-term, generating huge profit returns.
The new crypto president, Trump, at the Bitcoin conference 2024 in Nashville, stated he planned to make the U.S the crypto capital of the world and hopes to see Bitcoin overtake Gold as it remains a huge asset, not just a marvel of technology but a miracle of cooperation and human achievement.
Bitcoin and the cryptocurrency market could be on track to a significant pump based on on-chain data and technical indicators, such as the hash ribbons indicating a massive pump in correlation with Trump’s Bitcoin 2024 conference speech in Nashville. The price could rally by 200% in the coming months.
Huge bullish momentum by Hash Ribbons and political correlations indicate that a data-driven approach could play a significant role ahead of an impending mega bull run many investors and institutions are expecting that could remain life-changing.
Institutional Adoption and Regulatory Policies
Cryptocurrency has begun transitioning from a small interest among a few technological enthusiasts to mainstream financial services as institutional adoption of cryptocurrency and blockchain technologies continues spiraling.
This shift and wide acceptance of cryptocurrency have been driven by many factors, such as regulatory policies to help build trust and improve views of the cryptocurrency ecosystem, growing interest from big financial companies and investors, and recognition of Bitcoin and other digital assets as a means of combating rising worries of inflation.
A key factor for growth across the cryptocurrency ecosystem’s wide acceptance by institutions is the endorsement from big traditional financial systems and corporations. In the past, companies such as Greyscale, MicroStrategy, and Square made headlines for showing keen interest in the cryptocurrency space, with large holdings of Bitcoin in their reverse assets.
These moves in the past have highlighted digital assets as a store of value by corporate organizations, and they have continued to gain more attention recently with the approval of Bitcoin and Ethereum ETFs.
Few traditional financial institutions and asset management organizations have begun showing much interest in what cryptocurrency and other related crypto products are offering. BlackRock, Fidelity, VanEck, Bitwise, and others have all launched Bitcoin ETF services, allowing investors and institutional clients to measure exposure to the cryptocurrency market through regulated means.
Big financial institutions’ attraction to the crypto space shows high accessibility and demand for digital assets, as Bitcoin drives much adoption and interest in the cryptocurrency ecosystem.
Automation and Artificial Intelligence Driving Adoptions
Artificial intelligence (AI) and automation are increasingly changing how many users and institutions trade the financial market, like the cryptocurrency market, by accessing real-time data, trading automation like copy trading, and data for analysis.
Automated trading is in its early stages, but using these tools with improved strategies has worked tremendously for many traders and investors looking to maximize risk and improve profitability potential.
There has been an increasing demand for data-driven tools like copy trading, which has become more attractive to many users looking to diversify their portfolios in the cryptocurrency industry despite the volatile and complex nature of the market.
Automated trading, such as copy trading, plays a significant role in eliminating the countless times needed to analyze the crypto market, decide on buying or selling an asset, or just stay put, with different emotions running through the minds of a trader or investor.
Margex copy trading helps many users across the cryptocurrency space automate their trades by replicating the trades of experienced traders or experts, maximizing profit and diversifying portfolios.
Margex Exchange is legit and one of the top copy trading platforms because of its user-friendly dashboard, which allows users with little to no trading experience to initiate their first copy trading activity.
Margex copy trading has recorded huge success, with many novice traders exploring different trading strategies on its platform. With real-time data of expert traders, such as traded assets, trading equity, return on equity (ROE), and others, users can make informed decisions about which expert traders to copy trades from.
How to initiate your first copy trading journey with Margex with as low as $10;
1. Open a copy trading account with Margex
2. Deposit with as low as $10 using different deposit options such as Kaspa or Toncoin for fast deposit
3. Head over to the copy trading dashboard to follow a desired traders
4. Decide on the amount you wish to initiate your copy trading experience
5. Confirm all processes above and click confirm to begin your journey to profitability
This post was authored by an external contributor and does not represent Biedex Markets Opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice.
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