Why Isn't Anyone Talking About This More?

This isn't major news, or major analysis - because for the most part it's right in front of us. But no one seems to be connecting these dots, and I'm not sure why people aren't pushing this further. This is the market cap dominance for 2016. ETH started popping, and the collection of alt-coins started to see the light of day. This is the market cap dominance for 2017. Some major notable changes. ETH made a major push. XRP showed up and grabbed a chunk. And the alt-coins again saw upwards movement. Almost to the point of overtaking BTC. And the important part was that it was all based on speculation. All major projects at the time were years away from practical integrations and platforms. So the hype died, and the alts kept waiting. But the cap stayed. This is the market cap dominance for 2018. BTC resurgence took over, and everyone considered the movement to be low-volatility. ETH and XRP met in the middle. But the collection of alt-coins maintained incredible strength in market cap. This is the market cap dominance for 2019. This might be my favorite year so far - because so much happened despite such little 'volatility.' BTC picked up steam back towards 70% of the market cap. This was the breeding ground. A bunch of new major alts were taking form. And while BTC was maintaining this steady small growth, the alts were waiting in the background. This is the market cap dominance for 2020. Again, more of 2019. The cap increases. ETH sees some growth, BTC is staying dominant. This is the market cap dominance for 2021 so far. The cool thing to see, isn't just the dip in BTC dominance, it's the strength in ETH dominance, and the hard tie between many of the alts and ETH. This is the total crypto market cap for 2021 so far. The massive money flowing into crypto isn't flowing directly into BTC. It's flowing into alts. And it's important, because it's a hell of a lot different than any previous market runs like this. Even in a rebound, BTC doesn't look to ever recover 50% of market dominance. And if it doesn't, alt-season is here to stay. ETH caught up to the all the alts. BTC dropped it's dominance while maintaining huge gains. And the most important thing of all - it's entirely because of actual tech, real marketing, and institutional money. It's nothing like previous runs. In the last 18 months, hedge funds are in, money markets are in, pensions are in, and it's just the tip of the iceberg. This isn't supposed to be alt-hype. It's a matter of recognizing a very strong and present macro-trend that should be recognized and acted upon. BTC isn't going to drop hard value, but it's going to continue to lose its dominance. Which means prices are going to slowly regress from bouncing off the BTC index. I truly believe the crypto market is diversifying to the point where we're no longer going to be seeing long-term bull/bear markets. We're in a transition that hasn't occurred before and has no road map. In 2018, the total crypto market cap increased by over 4400% for the run. Currently, the total crypto market cap has increase in 2021 by ~1250%. JUST OVER A QUARTER OF WHAT WE SAW THREE YEARS AGO. The money is coming from different places this time, it's going into different projects this time, and it's pumping SLOWLY this time. This isn't a repeat bull run. It's a brand new crypto market. submitted by /u/tafor83 [link] [comments]