And with the discussions that the crypto market may be on the cusp of the next bull run, many speculators are now beginning to form their investment theses. With that in mind, here’s a look at how things might play out.🧠
platforms can help to alleviate the load on layer 1s by batching transactions together off-chain before submitting a validity proof to a layer 1 to finalize the transactions. This can help to dramatically scale the number of transactions the L1 can process while improving gas efficiency for smart contracts and users.
Meanwhile, the number of active Arbitrum addresses has increased significantly in recent weeks — having more than doubled in the first two months of the year alone. In total, the number of active Arbitrum addresses is now up 1,000% in a year. YTD, Bitcoin increased its value by 41.1%, outperforming the market average by a significant degree. This is common during the accumulation phase of the market cycle, with Bitcoin typically leading the market while fundamentally strong altcoins clock in impressive returns.
Bitcoin dominance usually increases in the early stages of a bear market as money drains from altcoins to BTC. As the market shifts gear and moves into a bull market, money then tends to trickle from large caps to mid-caps, and finally small and micro-cap coins. This results in a gradual reduction in Bitcoin’s dominance.
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