The recent recovery across digital ****** ets could have further room to run, according to Needham & Company, which has increased its crypto trading volume forecasts for the exchanges and platforms covered by the firm.
"How sustainable is the crypto rebound? We believe it has legs," ****** yst John Todaro wrote in a note to clients, identifying three factors supporting the firm's ****** sment.
The first factor is a potential rotation in investor attention and capital. Needham said artificial intelligence stocks, which previously attracted significant retail participation, have cooled as regulatory pressures increase ahead of the midterm elections.
Retail trading activity in commodities, including oil and metals, has also moderated.
Against that backdrop, Needham believes digital ****** ets could become relatively more attractive to investors again as competing speculative trades lose some of their momentum.

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