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This “dry powder” could spark the crypto market’s next parabolic rally when lit This “dry powder” could spark the crypto market’s next parabolic rally when lit
This article is more than 2 years old...

This “dry powder” could spark the crypto market’s next parabolic rally when lit

Crypto investors have long been looking towards different narratives to support the notion that the market is just a stone’s throw away from finding itself caught within the next major parabolic uptrend – although the vast majority of these theories have been invalidated throughout the past few years.

This “dry powder” could spark the crypto market’s next parabolic rally when lit

Cover art/illustration via CryptoSlate

Crypto investors have long been looking towards different narratives to support the notion that the market is just a stone’s throw away from finding itself caught within the next major parabolic uptrend – although the vast majority of these theories have been invalidated throughout the past few years.

Despite Bitcoin’s “safe haven” narrative showing signs of faltering, and its imminent halving event not catalyzing any notable upwards momentum, there is one fundamental development that has been occurring that is quite notable.

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