From Investing.com

November 19, 2024 08:31:02 AM:

Cryptocurrency price cycles often revolve around Bitcoin’s halving events, leading to price surges. Analysts predict the market could remain on an upward trajectory for the next 6 to 12 months post-halving. Robinhood may benefit from increased retail engagement and transaction volumes during these cycles.

Robinhood expanded its crypto offerings by relisting Solana, Cardano, XRP, and introducing PEPE. These moves aim to capitalize on the current bull market in cryptocurrencies. In the past, crypto prices surged significantly post-halving, with Bitcoin seeing a 43% increase from the previous cycle’s peak price.

Analysts foresee continued demand for cryptocurrencies due to potential regulatory changes and speculation about the US establishing a Bitcoin reserve. They project a 40% sequential increase in Robinhood’s crypto volumes in the first half of 2025 compared to the second half of 2024, with DOGE trading driving significant volume growth.

Despite not expecting Robinhood to produce $233B of volumes in a single quarter soon, analysts anticipate a 40% growth in volumes in 1H25 compared to 2H24. Nearly half of this growth is expected to come from new tokens and increased volume in existing ones.

Read more at Investing.com: This stock is a good way to play the crypto market bull run, Piper says By Investing.com