When the bull market comes, it usually goes like this:
At first, Bitcoin's dominance is evident, and money flows to it like a tidal wave, causing funds from smaller coins to be siphoned away. BTC surges ahead, becoming the star of the market, with everyone focusing on it and pouring money into it.
Next, Ethereum takes the baton and starts to soar, along with popular smaller coins related to it, such as layer 2 networks, blockchain games, metaverse-related projects, and new public chains, all rising in tandem as if catching a ride on Ethereum's coattails. Everyone loves to buy these, and money floods in.
Then comes the time of universal celebration, where every coin rises; those MEME coins, unknown shitcoins, altcoins, and scam coins skyrocket in price, creating tales of easy profits everywhere. Everyone fears missing out (FOMO is rampant), and the market is as hot as a furnace.
Finally, joy turns to sorrow as the market suddenly reverses, and all coins crash down. Mainstream coins plummet, and those smaller coins drop drastically, leaving the market suddenly quiet. People shift from being cheerful to panicking and selling quickly.
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