The crypto market is transitioning from the "enthusiastic bull" phase to the “euphoric bull” phase, explains lead on-chain analyst James Check in a latest Cointelegraph interview.
The crypto bull market is about to transition into its second and last phase, which will be characterized by euphoria and sharp price movements, according to James Check, lead on-chain analyst at Glassnode. “We are transitioning from the enthusiastic bull, which is below the all-time high, generally speaking, into the euphoric bull,” he said in an exclusive interview with Cointelegraph.Check said the next phase will be marked by people getting"more and more excited,” which will be accompanied by higher volatility."Increased coverage of Bitcoin in the news will lead to “increased demand,” he said.
"The market just seems to find support very quickly and this is obviously a good sign,” he pointed out. To find out more about what on-chain analysis can tell us about the next phase of the Bitcoin’s bull market, check ourt ourVitalik Buterin shares the next steps for Ethereum PurgeCreating ‘good’ AGI that won’t kill us all: Crypto’s Artificial Superintelligence Alliance