The altcoin bull market isn't coming? No, it has already arrived.

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BTCdayu
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1 year ago

The altcoin bull market isn't coming? No, it has already arrived.

Bitcoin is at 64,000, with a market cap of 12 trillion, accounting for 53% of the market. The scale of altcoins is over 10 trillion.

In 2020, Bitcoin was at 11,000, with a market cap of 258 billion, accounting for 58%, while the market cap of altcoins was only 183.2 billion.

Therefore, when Bitcoin surged to 60,000 in 2020, it grew 6 times; the total market cap of altcoins also increased 6 times to over 10 trillion.

So: currently, the total scale of altcoins, especially various L2 and new narratives, has already reached the peak of the last bull market!!

Consider three things:

How much capital is needed for the total market cap to increase 10 times to 100 trillion?

How much capital is needed for the waterfall-like selling of a large number of new coins issued during the bear market and the beginning of the bull market, which have low circulation and high unlocking, in the next year?

This new change will determine that the investment strategy must also change!

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