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Opinion: The cryptocurrency market may be pushed to unprecedented heights in the Year of the Snake.
Odaily Planet Daily News Hong Kong brokerage firm CLSA predicts market performance for the coming year based on the lunar cycle. The company states that with the arrival of traditional assets and cryptocurrencies during lunar months, the market will inevitably undergo some unpredictable changes. Just like a snake testing its limits, the young volatility will bring a brief decline in early spring. By mid-year, the scorching energy of the brown tree snake heralds a potential pump, pushing the market to heights unseen in a long time. According to astrological signs, there will be stagnation in the summer, minor setbacks in autumn, but the year will end with a new momentum and steady rise, highlighting the resilience and adaptability of cryptocurrencies in turbulent markets. Of course, CLSA also reminds investors to seek professional advice before making investments instead of leaving it to fate. Their market predictions based on celestial phenomena are not considered research reports. (Coindesk)