Cryptocurrency value cycles have usually revolved round Bitcoin “logged” occasions that happen roughly each 4 years. Traditionally, Bitcoin and different digital belongings are inclined to expertise sharp value will increase within the 12 to 18 months earlier than and after these occasions.
With the final halving now about six months away, the market may stay on an upward trajectory for an additional 6 to 12 months if previous patterns maintain, in keeping with analysts at Piper Sandler.
Analysts additionally mentioned the potential impression of Bitcoin halving cycles Robinhood Markets (NASDAQ: ), suggesting that the crypto and inventory trade may see larger retail engagement and transaction volumes.
Analysts see the inventory as “a great way to play on this crypto bull market,” citing “important runway for increasing its crypto operations alongside already established fairness and choices buying and selling.”
Final week, Robinhood expanded its cryptocurrency choices by relisting Solana (SOL), Cardano (ADA), and Ripple's XRP token, together with the introduction of memecoin PEPE.
These tokens, except for PEPE, had been beforehand eliminated because of SEC litigation, however have now returned to Robinhood's buying and selling platform. This transfer to enhance cryptocurrency choices is a part of Robinhood's technique to capitalize on the present cryptocurrency bull market.
Within the final two Bitcoin halving cycles, cryptocurrency costs have risen considerably, peaking greater than a yr after the halving. As of Friday, November 15, Bitcoin was solely 210 days after the halving and had risen 43% above its earlier cycle excessive.
Analysts establish a number of components that would assist continued demand and adoption of cryptocurrencies, together with a doubtlessly extra favorable regulatory surroundings and hypothesis that the US will set up a bitcoin reserve.
For Robinhood, analysts predict that the platform may see round a 40% sequential enhance in cryptocurrency quantity within the first half of 2025 in comparison with the second half of 2024. This forecast is predicated on the idea that the present Bitcoin cycle will mirror earlier ones. .
Nevertheless, analysts level out that Robinhood was one of many few platforms to supply DOGE buying and selling within the first and second quarters of 2021, which possible “contributed to the big enhance in quantity in these quarters.”
“So whereas we don't count on HOOD to supply $233 billion in single-quarter volumes anytime quickly, we do count on volumes to develop ~40% in 1H25 vs. 2H24,” the analysts added.
They count on almost half of this development to be because of newly added tokens and elevated quantity of current ones.
