We present to you our latest issue of Research Roundup, featuring our deep dives into AI Agent in Crypto and Pair Trading.
In September, the price index increased by +7.60%, while the volume and volatility indices were negative at -18.93% and -20.67%, respectively.
Bitcoin’s price increased by 7% in September 2024, the highest recorded monthly returns in September since 2013. It recorded negative monthly returns in eight Septembers from 2013 to 2024, making it historically a ‘bad’ month for BTC.
Looking forward, October is known as ‘Uptober’ (a portmanteau of ‘up’ and ‘October’), as it’s historically associated with BTC’s strong performance in October. BTC recorded nine years of positive returns in October from 2013 to 2023, with an average return of 22.9%.
Ethereum is currently experiencing its longest inflationary period since its transition to Proof-of-Stake (PoS), with over 303,420 ETH added to the supply from mid-April to September. Due to the Dencun Upgrade in March, where EIP-4844 and other updates have helped lower burn rates as more transactions occurred on Layer 2s, there is an increase in ETH supply, therefore affecting Ethereum’s deflationary status. Its inflation rate is currently at 0.42% per year.
The NFT market experienced its sixth consecutive month of decline, with sales volume dropping by 19% month-over-month. There were mixed performances among the top chains.
Ethereum and Solana fell by 20% and 26% respectively. However, Bitcoin rose by 5%, supported by the resurgence of Ordinal NFTs. Additionally, Blast continued to see positive growth after August, thanks to Fantasy.top. Flow, a platform primarily supporting sports NFTs like ‘NBA Top Shot’ and ‘NFL All Day’, also gained traction in September with around 50% growth.
Monthly Feature Report | AI Agent in Crypto
An AI agent is a system that can autonomously operate or perform tasks on behalf of a user or another programme. The global AI agents market is expected to grow from US$5.1 billion in 2024 to $47.1 billion by 2030, representing a 45% CAGR.
AI agents’ capabilities have expanded rapidly with the rise of generative AI and large language models (LLMs). The current landscape in crypto includes Agent Creation, Trading, Smart Wallets/Payments, Gaming, Social, Art/NFT, and Security and Privacy. Crypto.com recently released an AI Agent SDK, which processes natural language and executes instructions.
This report looks into AI agents and their applications in the cryptocurrency realm. Read AI Agents in Crypto now.
Key Takeaways:
Monthly Feature Report | Pair Trading
Pair trading is a market-neutral strategy that involves taking advantage of relative price movements between two correlated assets. It has gained popularity because of the high volatility and rapid price movements characteristic of cryptocurrency markets. Traders often look for cryptocurrency pairs that exhibit a historical correlation or cointegration, such as Bitcoin (BTC) and Ether (ETH). By monitoring the price spread or price ratio of the paired tokens, traders can identify opportunities to enter long and short positions based on deviations from the expected relationship.
In this report, we demonstrate the performance of pair trading with the BTC/ETH price ratio as an example. Read Pair Trading now.
Key Takeaways:
Interested to know more? Access exclusive reports by signing up as a Private member, joining our Crypto.com Exchange VIP Programme, or collecting a Loaded Lions NFT.
This institutional-focused report dives into macro trends, market-neutral pairs, style-factor screens, and events. Read the full Alpha Navigator report here.
Crypto Conferences Calendar
Economic Calendar
Looking for more? Check out our most recent reports and trending market updates:
Get fresh market updates delivered straight to your inbox:
Best regards,
Research & Insights Team
Get your step-by-step guide to setting upan account with Crypto.com
By clicking the Submit button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.