Is the old formula repeating in the current Bull Market?
It can be said that we are at the beginning stage of a Bull Market when many indicators and token prices are breaking through important resistance levels. The price of Bitcoin has been holding steady and BTC Dom has declined in recent days, providing a basis for further bullishness in the near future.
Last season, we were very familiar with the money flow formula: Bitcoin => Large Caps => Mid Caps => Low Caps => Fiat. Many people believe that this rule no longer holds true as the market changes rapidly as it is now.
However, it is still extremely effective at certain times, especially during the beginning phase of a Bull Run like now. Fiat continues to flow into Bitcoin. When Bitcoin stabilizes, large market cap Coins/Tokens are increasing in price, including XRP, XLM, ALGO, VET, HBAR, EOS,...
Therefore, we can expect that the above formula is suitable for the current situation and capital will soon flow into Mid Cap Altcoins in the near future, pushing prices up many times more!
