ALERT: IS HISTORY REPEATING ITSELF?
December 2017 saw altcoins skyrocket to all-time highs, only to plummet 50% in a heart-stopping correction. BUT, the market's resilience was on full display as it staged a monstrous 200% recovery, peaking on January 5, 2018.
FAST FORWARD TO TODAY...
Altcoins are currently experiencing a 25% correction, sparking fears of a deeper downturn. BUT, if historical patterns hold true, the market may be poised for a brief rebound (the infamous "dead cat bounce") before testing stronger support levels around $580-590 billion in total market capitalization.
THIS IS WHERE IT GETS INTERESTING...
Should the market establish a solid base at this level and mirror the 2017 trend, a subsequent rally could see altcoin capitalization SOAR BY 190%, pushing the total market cap to a staggering $1.7-1.8 TRILLION!
IS THIS THE START OF THE NEXT ALTCOIN SEASON?
If past cycles are any indication, the rally's peak could occur in January, marking the beginning of a new altseason. Stay vigilant, traders!
