“We can see this period of low transaction rate in the purple rectangle below… The green line is $BTC,” Greenspan noted while referencing a chart that shows the volatility BTC saw during a period of low transaction volume.

“Transactions in XRP went quiet from December 11th but came back with a vengeance on January 26th,” he said.

Mati Greenspan, the senior market analyst at eToro told as above 👆

Despite recent optimism, crypto correlations remain strong… Major coins still bearing a positive correlation to $BTC of about 0.8, which is very high… Yet another sign the [bear] market might not be over just yet,” he warned.

Mati Green Span Stated Above👆

The cryptocurrency king is on track to secure its first positive month since July 2018… With the wind of change blowing, the fundamentals are likely to improve in the coming months for the cryptocurrency space. The hopes are pinned on the improvement of the transaction volume for on-chain transactions. This will attract growth because of a larger number of industries becoming part of this infrastructure,” he said.

Naeem Aslam, the chief market analyst at Think Markets U.K., recently told MarketWatch 👆

All the above thoughts are of their own before buying or trading any cryptocurrency please do your own research.

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