DWF Labs co-founder: Bull market is on the horizon, Bitcoin and mainstream tokens' rise will attract capital inflows.
BlockBeats news on November 4th, co-founder of DWF Labs Andrei Grachev posted on social media that the bull market is coming soon. Although there has been almost no change in the overall size of the cryptocurrency market, traders have a bullish expectation and have made some profits due to the consolidation of BTC and mainstream tokens, creating FOMO and positive expectations, leading to capital inflows into the market. Bitcoin currently has a dominant position, but Shitcoin has not yet started to rise, and perhaps more participants in this cycle will be tokens with a top 1000 market value.
In terms of trading volume, the current trading volume is the same as in April, but the reasons are different. Six months ago, trading volume was driven by Memes, which leveraged the cryptocurrency audience, and now it is driven by BTC, which can attract new users. Fundamentally, the current situation is very healthy and sustainable.