Current status of the cryptocurrency industry
Total market value: 2 trillion
Bitcoin icon Ethereum 1.4 trillion (Btc=1.12 trillion Eth=0.284 trillion)
Stablecoin: 0.17 trillion
Other altcoins: 0.43 trillion
Among them, Bitcoin and Ethereum account for 70%, stablecoins 8.5%, and other altcoins 21.5%.
Before the last bull market, the total market value of Bitcoin was about 270 billion, 72 billion, and the rest of the altcoins were 140 billion. Compared with the last bull market, Bitcoin rose 4.1 times, Ethereum rose 3.9 times, and the rest of the altcoins rose 3 times.
After 4 years of bull and bear cycles, Ethereum did not outperform Bitcoin, and the altcoins did not outperform Ethereum. In addition, Bitcoin and Ethereum both rose by about 4 times on average, 4 times in 4 years, but the altcoins everyone felt collapsed.
Many people have suffered serious losses. The reason is that although the total market value of the altcoins has increased by 3 times, the number has increased by more than 30 times. Therefore, many altcoins have actually been falling for a long time, especially in the past six months. Many altcoins have fallen by more than 80-90%, and many mainstream altcoins have fallen by 60-80%.
This brings us back to another topic, that is, the market value share of Bitcoin and Ethereum is still 70%. In the past 6 years, the total market value of Bitcoin and Ethereum has basically accounted for 70% or even higher in the entire industry.
Therefore, except for the specific time window of the main rising wave of the bull market or the outbreak of some new sectors, the proportion of Bitcoin and Ethereum in crypto holdings at any time must be 70%, or even more than 80-90%, for investment to be safe, otherwise it is easy to have systemic risks.
Many people feel desperate about the current market and see no hope of making money. However, in the past history, whenever 90% of people collapsed and despaired and left the market without caring, it was when the market was quietly brewing. Intuitively, the market should not be far away.