I feel like $Bull in this wave is very likely following the same path as $Lobster back then.
Back then, $Lobster’s popularity exploded—people were speedrunning alpha and contracts. I even thought it would go straight to 100 million. I started buying when its market cap hit 2000w, but then it surged to 2700w and kept crashing, dropping to 550w—a decline of 80%.
So $Bull also needs a deep shakeout, with repeated washouts, before it can possibly reach 100 million.
Using the same 80% drop, $Bull at around 4000w would be a good point to start DCA buying.
If this $BTC cycle ends, it’s not a big deal for $Bull to go to 30–40 million.
Back then, $Lobster’s popularity exploded—people were speedrunning alpha and contracts. I even thought it would go straight to 100 million. I started buying when its market cap hit 2000w, but then it surged to 2700w and kept crashing, dropping to 550w—a decline of 80%.
So $Bull also needs a deep shakeout, with repeated washouts, before it can possibly reach 100 million.
Using the same 80% drop, $Bull at around 4000w would be a good point to start DCA buying.
If this $BTC cycle ends, it’s not a big deal for $Bull to go to 30–40 million.
