🚨 History Repeating? Insights into the #Altcoin Market 🚨
Let’s rewind to December 2017:
Altcoins hit ATHs, then faced a 50% correction.
Shortly after, the market rebounded 200% from its low, peaking on January 5, 2018.
Now in 2024:
Altcoins are experiencing a 25% correction.
If history repeats, we might see a deeper correction to the 200-day EMA, leading to a brief rebound ("dead cat bounce").
A further drop could target $580–590B in market cap, echoing 2017's 50% correction.
📈 The Opportunity:
If the market finds solid support, a 190% rally may follow, potentially pushing total altcoin capitalization to $1.7–1.8T—heralding the next altseason.
This rally’s peak? Likely January, based on previous cycles.
Stay tuned for signals to capitalize on this potential trend 💸.