Suffice it to say that Bitcoin represents the overall health of the crypto-market, as well as the general behavior it illustrates over time. We have similarly seen price consolidation of the main blue-chip cryptocurrencies presently, including Bitcoin, Ethereum, and Cardano. Back in 2017 on the last leg-up of the bull run within November, where for example Ethereum multiplied by nearly a 10x, there was considerable price consolidation beforehand in the month of October.

Now, with every estimation of the marketplace one must combine fundamentals with technical analysis, namely how the charts tend to behave over time considering past trends. As each of these businesses have billions worth of users already utilizing their platforms and services on a daily basis, the seamless onboarding of billions of non-crypto users into the blockchain universe seems apparent at this point. This aggregation of news is important as it represents the most significant sectors of conventional finances and commerce are not only accepting the legitimacy of cryptocurrency, but that they are actively pursuing an integration with this quickly growing marketplace. With masses of institutional investors purchasing large sums of blue-chip cryptocurrencies, multi-millionaires like Kevin O’Leary openly stating that he has more capital invested in Bitcoin than he does gold, Walmart already installing 200 out of 8,000 Bitcoin ATMs within their USA facilities, Facebook putting forward $50 million USD on a metaverse taskforce, Twitter allowing payments using Bitcoin, as well as Mastercard and Visa collectively integrating Bitcoin payments within their services, the future is by all means bright for early crypto adopters. In regards to fundamental news within the crypto-sphere, October has been a considerably fruitful month. Finally, assuming the growth does occur, we will delve into the characteristic requirements trading platforms, mainly DEXs, will have to have in order to provide a seamless and safe marketplace for the masses. Understanding these, we will then uncover the technical indicators that seem to reinforce these potential trends, using both historical data and combinative trends between common blue-chip tokens.

In this article we will be exploring the numerous fundamental indicators recently announced that may trigger the growth of the cryptocurrency market within the upcoming months.

Cardano lightpaper