Crypto market cycles will be different from the past
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Looking at historic data like the rainbow chart, bitcoin dominance, total market cap and number of coins/tokens in the crypto world, I'd say the bear and bull markets coming will be substantially different from the past. Let's look at some charts. Bitcoin Rainbow Price Chart(Source: https://www.blockchaincenter.net/bitcoin-rainbow-chart) MARKET CAP BTC DOMINANCE, % (CALCULATED BY TRADINGVIEW)(Source: https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D) Total Cryptocurrency Market Cap(Source: https://coinmarketcap.com/charts) Number of cryptocurrencies worldwide from 2013 to November 2021(Source: https://www.statista.com/statistics/863917/number-crypto-coins-tokens) My analysis:
Conclusion:We shall remain bullish![link][comments] |
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