Bitupmax traffic surpassed the record of 2021 for the same period.
Bitupmax.com traffic surpassed the record of 2021 for the same period. It seems that the cryptocurrency market is entering a full-fledged bullish trend, as bitcoin and other large altcoins are slowly moving up, and coins with a smaller market capitalization are showing parabolic momentum.
This price movement marked the continuation of the uptrend that has been observed over the past month, with bulls beginning to strengthen their positions against bears.
One of the indicators of the growth of market activity is traffic on major exchanges and trading platforms. According to the CEO of Bitupmax.com, now the attendance of the platform has exceeded the figures that were noted in May 2021.
And this is not surprising, because recently, the cryptocurrency market has seen an increase in trading volume. Bitcoin and Ethereum provide the rest of the market with a bullish background for trading. This drew the attention of investors to altcoins with medium and low capitalization, which demonstrate incredibly high performance.
In order for the current market trend to turn into a bullish trend, similar to the one observed in 2017, both a massive influx of new capital and a high level of participation of current investors are required.
If it is difficult to determine how many new investors are entering the cryptocurrency market, then the level of participation in the market among current investors is the highest ever recorded.