Experts believe that the trend will continue, as the biggest cryptocurrency in terms of market capitalization has historically been the most successful month.
James Davies, the CEO of Crypto Valley Exchange says that October is when liquidity returns to the markets following a summer slump and businesses prepare for their end-of year earnings reports.
As the price of BTC continues to rise in the coming months, it is likely that the other crypto currencies will also rally. This includes the newer ones like Dogizen which have explosive potential.
Dogizen may benefit from a weaker USD
The US Bureau of Labour Statistics reported earlier this week that inflation in September was higher than anticipated. This made investors question if Fed would decide to not cut rates any further next month.
According to the CME Group’s FedWatch, the odds of the Fed cutting rates again in November are still at 94%. The continued rate reductions will be a big boost for Bitcoin, as many central banks around the globe follow the Federal Reserve.
I don’t believe we should undervalue how important this is. We’ve already seen the trend of a weaker dollar and it’s here to stay. David Duong, the head of Coinbase’s institutional research said that this means that a number of risk assets will perform well.
As capital leaves bonds and saving accounts because of a lower USD, a portion of that money may be redirected to Dogizen, in search of higher returns. Learn more about native Treatz coin. Click here.
Treatz
The rising geopolitical risk (both in Europe as well as the Middle East) makes Bitcoin and cryptocurrency at large appear to be particularly well positioned for growth at this time.
In times of economic uncertainty, investors tend to seek out alternative forms of storage of value. They may see Bitcoins as an alternative to gold during wartime, and Dogizen could also benefit from this.
Dogizen recently released a new game for engaging its thousands-strong community. It also plans to introduce more forms of entertainment, as well as exclusive rewards and benefits for early investors.
Its ongoing presale has raised more than half-a-million-dollars within days, indicating strong demand that all too often hints at an investment with significant future potential. Find out more information about native Treatz me coin by clicking this link.
Could Dogizen gain from this post? October has historically been a great month for cryptocurrency. This post may change as new information becomes available
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