$𝙃𝙚𝙧𝙚'𝙨 𝙬𝙝𝙖𝙩 𝙝𝙞𝙨𝙩𝙤𝙧𝙞𝙘𝙖𝙡𝙡𝙮 𝙝𝙖𝙥𝙥𝙚𝙣𝙨 𝙚𝙖𝙘𝙝 𝙗𝙪𝙡𝙡 𝙘𝙮𝙘𝙡𝙚.
If we look up the data from the past, every cycle has certain things in common.
Call it a text book where a series of events happen over and over again in the same order.
1️⃣ BTC runs
*Every new cycle to date has ALWAYS started with bitcoin running first.
*It's also no rocket science to figure out why.
*Bitcoin is the most dominant crypto in the entire industry with also the highest amount of support.
*When this industry gets more media attention, more investors and more money inflow, it will naturally flow to btc first.
The majority of people in this stage don't know anything about all those other 10 000 altcoins out there.
Bitcoin runs first and is therefore a very strong leading indicator of better times to come.
2️⃣ ETH and the top 10 runs
As the most popular altcoin in the world for quite some time and multiple cycles.
It's also the coin that tends to run first right behind bitcoin.
People are expressing the first signs of fomo after seeing bitcoin's gains and look to the second best thing.
Along with googling other altcoins which almost all only show the top 10 by leading market cap.
At this point, it's a leading indicator of a true altseason very soon on the horizon.
3️⃣ Alts run
$BTC Bitcoin and ethereum can't keep going up astronomically.
At some point demand slows down when they have made multiple multipliers and people either:
- Don't want to buy at 10x prices anymore.
- Already bought.
At this stage of the market however the media attention on the market is HUGE.
The stage has been set and people look beyond the "big daddies" of crypto.
"What if there were others that have yet to see the astronomical gains bitcoin, ethereum and many others already had all these years?"
Within a brief period, the prices of altcoins skyrocket as investors move their money out of Bitcoin and into other cryptocurrencies
Part 2 in next post continue#crypto2023 #dyor