Previous market cycles were clear:
⬇️
⬇️
⬇️
⬇️
Altcoins
⬇️
⬇️
🔁
Market cycles now:
Narrative-based Alts -> Bitcoin
⬇️
⬇️
Ethereum + High caps
⬇️
⬇️
Small caps -> Memes
⬇️
⬇️
Memes only
🔁
As Bitcoin's dominance decreases over time, it will slowly lose its first mover status.