Base Chain Payment Volume Surges as Armstrong Sees Bitcoin Rebound
Crypto markets have seen a significant easing of selling pressure in recent days, according to data compiled by WoofunAI. Coinbase founder Brian Armstrong has asserted that Bitcoin prices have bottomed out and projected a rebound to $78,000 ahead of the upcoming halving cycle.
The Base chain ecosystem has demonstrated strong performance, with stablecoin payment volume surging 700% year-on-year to reach a cumulative $3 trillion. This growth in on-chain payment demand has significantly alleviated market selling pressure.
Armstrong's short-term target of $78,000 is supported by some analytical firms, which project levels as high as $126,000. In contrast, traditional financial markets have remained stagnant, with the S&P 500 Index and the Nasdaq 100 Index showing little change over the past 21 trading days.