The four stages of the start of the copycat season #ALTSEASON :
1/Bitcoin stage
Funds begin to flow into Bitcoin $BTC , causing the price to surge. During this stage, funds will also flow into Ethereum $ETH , and gradually begin to surpass Bitcoin.
2/Ethereum stage
After entering this stage, Ethereum will perform better than Bitcoin. The market will continue to discuss stories about Ethereum. At the same time, tokens with a large market capitalization will have an influx of funds.
3/Large market capitalization token stage
While Ethereum performed better than Bitcoin, the trend of tokens with relatively large market capitalization began to show a parabolic rise. At this time, for other altcoins with good fundamentals, no matter how big their market capitalization is, there will be a huge pump.
4/Altcoin stage
In the true sense of the copycat season, the market begins to see a general rise. Regardless of whether the fundamentals are good or bad, the market will be filled with extreme FOMO emotions, and market participants will begin to get excited.
Changes in the cryptocurrency market are a change in the currency mechanism
Cryptopunk #Cryptopunks and Boring Ape #BAYC brought FOMO emotions to those who followed them, thus giving birth to new NFTs. However, as time went by, incremental funds could no longer maintain the original market price level, thus triggering a huge collapse. (NFT SUMMER) In the major correction after the first round of NFT bubble burst, it is very likely that the bottom will be formed after the NFT de-bubble.
Similarly, in the first round of the bull market in 2017, when the daily#ICOtokens issued exceeded the incremental funds in the subsequent market, it triggered a huge#DEFImarket collapse (DEFI SUMMER)
In the upcoming next round of bull market, we are temporarily unable to know which narrative will bring new changes to the current cryptocurrency market. Maybe it is #RWA, maybe it is Bitcoin’s new DEFI ecological model, maybe it is Ethereum’s liquidity is staking #LSDfi, or perhaps the recently popular#socialfitrack or even a new narrative that has not emerged yet
What we can glimpse at the moment is the migration of new currency mechanisms. We should always remain curious about new things and refuse to swim naked in the initial stage of the next copycat season❗️❗️❗️
1/Bitcoin stage
Funds begin to flow into Bitcoin $BTC , causing the price to surge. During this stage, funds will also flow into Ethereum $ETH , and gradually begin to surpass Bitcoin.
2/Ethereum stage
After entering this stage, Ethereum will perform better than Bitcoin. The market will continue to discuss stories about Ethereum. At the same time, tokens with a large market capitalization will have an influx of funds.
3/Large market capitalization token stage
While Ethereum performed better than Bitcoin, the trend of tokens with relatively large market capitalization began to show a parabolic rise. At this time, for other altcoins with good fundamentals, no matter how big their market capitalization is, there will be a huge pump.
4/Altcoin stage
In the true sense of the copycat season, the market begins to see a general rise. Regardless of whether the fundamentals are good or bad, the market will be filled with extreme FOMO emotions, and market participants will begin to get excited.
Changes in the cryptocurrency market are a change in the currency mechanism
Cryptopunk #Cryptopunks and Boring Ape #BAYC brought FOMO emotions to those who followed them, thus giving birth to new NFTs. However, as time went by, incremental funds could no longer maintain the original market price level, thus triggering a huge collapse. (NFT SUMMER) In the major correction after the first round of NFT bubble burst, it is very likely that the bottom will be formed after the NFT de-bubble.
Similarly, in the first round of the bull market in 2017, when the daily#ICOtokens issued exceeded the incremental funds in the subsequent market, it triggered a huge#DEFImarket collapse (DEFI SUMMER)
In the upcoming next round of bull market, we are temporarily unable to know which narrative will bring new changes to the current cryptocurrency market. Maybe it is #RWA, maybe it is Bitcoin’s new DEFI ecological model, maybe it is Ethereum’s liquidity is staking #LSDfi, or perhaps the recently popular#socialfitrack or even a new narrative that has not emerged yet
What we can glimpse at the moment is the migration of new currency mechanisms. We should always remain curious about new things and refuse to swim naked in the initial stage of the next copycat season❗️❗️❗️