According to former Bloomberg analyst Jamie Coutts, the best time to deploy counterfeit products is when both the Smart Contract Platform (SCP) Index and the Counterfeit Products Coin Seasonal Index are in an upward trend. Current situation:
1. The SCP index trend is bullish and may soon surpass the March high. The first condition is satisfied.
2. The seasonal index of counterfeit products fell to 26%. The second condition is not met.
3. BTC dominance continues, and ETH's recovery has not yet been transmitted to the broad SCP sector. Depending on the cryptocurrency, presidential, and liquidity cycles, counterfeit products season signals may appear within a few weeks, allowing for advance layout or focus on currently outperforming assets such as SOL, NEAR, and TON.
Former Bloomberg analysts: counterfeit products season market may appear in a few weeks
2024-05-29 01:44:26
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