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Cryptos Charging Higher

September 7, 2021

Cryptos Charging Higher

The total cryptocurrency market cap rose by more than $100B over the weekend…Now we’re seeing a slight pullback, but LikeFolio’s cryptocurrency data continues to suggest buying the dip as the best course of action. Crypto Trading Mentions, the number of individual investors talking about trading cryptocurrencies, is one trend that we’ve been following closely this year -- On a 30-day moving average, Mentions are still trending -36% QoQ but remain up +361% YoY.

The significant amount of YoY strength seen across all cryptocurrency-related trends has helped inform our bullish outlook on the market at large... As the price begins to rise across the board, we're looking for opportunities to buy low and names showing unusual strength.

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About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.

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