Cryptocurrency worth cycles typically revolve across the Bitcoin “halving” occasion, which happens roughly each 4 years. All through historical past, Bitcoin and different digital property have tended to spike in worth within the 12 to 18 months earlier than and after these occasions.

Piper Sandler analysts say the newest halving is about six months behind the present one, and if previous patterns maintain, the market might stay on an upward trajectory for one more six to 12 months.

Analysts additionally mentioned the potential world influence of the Bitcoin halving cycle. robinhood market (NASDAQ:), suggesting retail engagement and buying and selling volumes could enhance on cryptocurrencies and inventory exchanges.

Analysts see the inventory as “a great way to counter this crypto bull market,” including that the corporate is seeking to “broaden its crypto enterprise alongside its already established bodily inventory and choices brokerage enterprise.” It’s mentioned to be an necessary runway for the

Final week, Robinhood expanded its cryptocurrency providing by relisting Solana (SOL), Cardano (ADA), and Ripple's XRP tokens, along with introducing the meme coin PEPE.

These tokens, aside from PEPE, have been beforehand delisted on account of SEC litigation, however have now returned to Robinhood's buying and selling platform. This transfer to strengthen its cryptocurrency choices is a part of Robinhood's technique to capitalize on the present cryptocurrency bull market.

Throughout the previous two Bitcoin halvings, the cryptocurrency's worth rose considerably, however it didn’t peak till greater than a 12 months after the halving. As of Friday, November fifteenth, Bitcoin was simply 210 days faraway from its halving and was 43% above the earlier cycle's peak worth.

Analysts have recognized a number of elements that would assist continued demand and adoption of cryptocurrencies, together with a probably extra favorable regulatory atmosphere and hypothesis that the US will set up a Bitcoin reserve. There’s.

Within the case of Robinhood, analysts predict that the platform's crypto buying and selling quantity might enhance by round 40% within the first half of 2025 in comparison with the second half of 2024. This prediction is predicated on the idea that the present Bitcoin cycle mirrors earlier cycles. .

Nonetheless, analysts observe that Robinhood was one of many solely platforms to supply DOGE buying and selling within the first and second quarters of 2021, and that it “pushed a lot of the numerous quantity progress in these quarters.” It factors out that there’s a chance that

“Thus, whereas we don’t count on HOOD to generate $233 billion in gross sales quantity in a single quarter anytime quickly, we do count on gross sales volumes to extend by ~40% within the first half of 2025 and second half of 2024.” the analyst added.

They count on that just about half of this progress will come from newly added tokens and a rise within the quantity of current tokens.