Another factor influencing the surge could be the current macroeconomic environment. With concerns about inflation and traditional markets showing volatility, investors are exploring alternative assets like cryptocurrencies as a hedge. This shift in investment strategy is particularly evident during times of economic uncertainty. Additionally, the recent upgrades and improvements in major blockchain networks are enhancing scalability and usability, attracting more users and investors alike. It’s an exciting time for the crypto space, and understanding the interplay of these various factors is crucial for navigating the market successfully.