CryptoQuant: The growth in stablecoin supply may drive the next round of cryptocurrency gains

Odaily reports that CryptoQuant says the growth of over the past year may drive the next cryptocurrency rally. A report shows that by 2024, the trading volume of will exceed the total transaction volume of Visa and Mastercard. According to CryptoQuant's weekly cryptocurrency report, the liquidity of the cryptocurrency market, as measured by the total value of in circulation, has been boosted since the US presidential election. The report data shows that the total market cap of recently exceeded $200 billion, reaching a historic high of $204 billion. This marks a significant increase of $37 billion since Donald Trump's victory in the US presidential election on November 4, 2024. (The Block)