Celebrities promoting #crypto projects have been an interesting development since earlier 2017. How this could help to any $BTC $ETH or any major crypto holder or institutions.
There has been a lot of talk about this recently. However, can you gain any advantage from it? Let's see.
In 2017, several celebrities started promoting crypto projects, especially around September. After this, we saw a strong leg up before the bull market top in December 2017 and the following bear market in 2018.
In 2021, we observed something similar twice: first in February 2021 and then in October-November 2021. Both times, there was a final leg up followed by a significant correction.
This explained a consistent and regular pattern helping to identify the BullRun 🐂 activity,
So far we have seen some significant growth because of etf hypes, demand because of halving which pushed every single coin, but we haven’t witnessed proper altseason that would send some coins to even 100x-1000X just like $SOL did.
Based on this we can conclude that when celebrities start promoting cryptocurrencies, the market usually experiences a final leg up before reaching a local top.
In any case, the sample size is small, and therefore the edge is limited. Nonetheless, it is interesting. #dyor
‼️ Signs are everywhere, it is just matter of time, we have seen worst dump, we will see wild pumps, just know the right time to exit the market, to reneter, Stay tuned i will be the one to update you on that. ‼️ #Megadrop
