Every crypto market cycle is a volatile and unpredictable journey, but to predict the future, we can look at the signs and patterns that have appeared in the past.
I myself am a person who regularly monitors and evaluates the market and I find the three market capitalization indices (Total 1, Total 2, Total 3) to be useful tools to better understand the development of the market. crypto market. Today I will share with you details about these indicators and their influence.
What are Total 1, Total 2, Total 3?
Total 1 is an index that measures the total value of Crypto market capitalization
Total 2 is an index measuring total Crypto market capitalization excluding Bitcoin
Total 3 is an index measuring total Crypto market capitalization excluding Bitcoin and Ethereum.
=> You can rely on Total 2 to evaluate the growth of Altcoin and Ethereum.
=> Total 3 is the main capitalization of Altcoin representing Altcoin Season.
Total 2's growth from previous seasons
Year cycle 2015 - 2017
Altcoin capitalization at its lowest was $3.9B.
Total 2 took 784 days to accumulate and peaked in January 2018 at $474 billion.
=> So Total 2 in this cycle increased 121,538x compared to the lowest time. And increased 3,731x compared to the highest point of the accumulation zone.
Year cycle 2019 - 2021
Lowest capitalization was $36B
The cumulative time of total 2 is about 721 days and peaked in November 2021 at $1,707 billion.
=> This cycle Total 2 has increased 47.41x compared to the lowest point. And increased 14.3x compared to the point of breaking out of the accumulation zone.
Current cycle 2023 - 2025
The lowest level is $427 billion.
Currently Total 2 has accumulated 532 days.
=> If history repeats itself, it is possible that Total2 will break the accumulation zone in June 2024 to have over 700 days of accumulation like the previous two cycles.
=> If total 2 "peaks", altcoin will become crazy and that will be a sign of an uptrend that opens a bull run for the next season.
