Experts say cottage season isn’t even close.
Other experts say copycat season is about to begin.
But is this really the case?
First, let’s talk about the mood of the people.
➜Most people are bearish at 60%, with some even believing that cryptocurrencies are about to lose all retail interest.
but,
What do we find if we look at the $BTC chart? 👇
$BTC has started to grow continuously since February.
People believe that a big bull market is coming.
$BTC is going down and now everyone is saying crypto is bullshit.
But the chart shows that we are in a 15-week consolidation zone and pullbacks are common.
So, cryptocurrencies are not losing their interest, but what about altcoins?
$BTC has started to grow continuously since February.
People believe that a big bull market is coming.
$BTC is going down and now everyone is saying crypto is bullshit.
But the chart shows that we are in a 15-week consolidation zone and pullbacks are common.
So, cryptocurrencies are not losing their interest, but what about altcoins?
Altcoins were terrible, causing holders to lose 80%.
➜But why is this happening? $BTC recently broke its own all-time high, why are other stocks so depressed?
Let me take you to the expert opinion 👇
Cryptocurrency expert Miles Deutscher shared an interesting insight:
➜ 1 million new crypto tokens were created in May (excluding Solana)
➜ The total number of tokens created between 2015 and 2023 will increase by 2 times
The market can’t drive this, but why? 👇
Markets have gotten smarter since the last bull run.
➜Why would people buy copy-paste L2 solutions like $ZK, $STRK, and $ZRO that only cost $5 million to develop instead of $260 million?
So, what will happen to altcoins in this super cycle?
Here we can remember the main encryption rules:
➜New cycle, new alternative products
➜There is no point in buying boring L2 solutions, the key is to anticipate the next narrative and start investing carefully in potential leaders
Now, let me introduce you to my ideas for the future of narrative
[Stories predicting the future]
RWA and DePin：
These are the areas that received the most funding this year and last year, obviously
GameFI：
There are some great games out there, but not enough people playing them. I expect this to boom in a year.
Gambling：
Cryptocurrencies are great for this, but other than memecoins, there is nothing that will attract WEB2 people.
AI:
It may seem late, but who knows what will happen to OpenAi in a year, so it’s crucial to keep an eye on the narrative.
When will the next upswing occur?
➜One of the ways to express it is the Global Liquidity Index
➜If we compare the chart below with the cryptocurrency chart, we can see a similar trend
➜According to the chart, a significant correction will occur within 6-18 months
There is also a way to represent alternative seasons:
➜Just keep track of total balances at the Fed
➜When the Fed starts buying assets, it means a huge inflow of liquidity, which will also affect cryptocurrencies
➜For now the Fed is only selling, but a reversal is coming
After looking at the first two charts, we can utilize the Rainbow BTC chart to get a clearer picture.
➜As you can see, we are in the “hot selling zone”, which means it is worth looking for entry points now
➜But don’t bet all your money, 10-15% of your entire portfolio, if the price goes down, buy more, etc.
If you still have doubts about cryptocurrencies, here’s the ultimate proof
➜The US government is ready to support the development of cryptocurrency
Are you still bearish after US backs crypto?
To sum it up:
➜Cryptocurrency will not lose its sales interest
➜The market is tired of copycat projects and is waiting for “new alternatives”
➜ GameFi, Gambling, RWA, DePin and AI are worth paying attention to
➜Global liquidity and Federal Reserve reserves are key to the growth of cryptocurrencies
