The debate over the current state of the crypto bull run continues to heat up. ParabolicPump, a top crypto analyst, asserts that the bull run is far from over. In his tweet, he highlights that major moves in altcoins are still expected, despite many altcoins not reaching new all-time highs.
ParabolicPump’s insights provide a balanced view of the market’s future, acknowledging both potential gains and inherent risks.
Altcoins and Market Dynamics
ParabolicPump emphasizes that while Ethereum (ETH) and TOTAL2 are not at their peak, it doesn’t signal the end of the bull run. He believes that the biggest moves in altcoins are yet to come.
However, he cautions against unrealistic expectations regarding altcoin gains. Every crypto cycle has historically shown diminishing returns, and this cycle will be no different.
According to ParabolicPump, the right altcoins will yield life-changing gains, particularly when Bitcoin dominance trends lower. He mentions specific altcoins like $KAS, $TAO, and $QUBIC as potential high performers.
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The Dilution Effect
A factor influencing diminishing returns, according to ParabolicPump, is the dilution in the crypto space. The constant influx of coins, especially memecoins, contributes to this trend.
Consequently, not all altcoins will experience a major pump, unlike in previous bull runs. This dilution is a critical argument supporting the notion of diminishing returns in each crypto cycle..
ParabolicPump also addresses the emotional aspect of investing in cryptocurrencies. He warns that during the euphoria phase at the cycle’s peak, the media may propagate the idea of a new paradigm, suggesting altcoins will avoid brutal downtrends.
This, however, is a trap. Historical patterns indicate that after substantial gains, a significant market correction follows. ParabolicPump advises investors to sell during the blow-off top phase and wait for prices to drop in the subsequent bear market. This long-term strategy, he argues, is key to building generational wealth.
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Show more +Show less – Current Market Opportunities
Despite the uncertainties, ParabolicPump encourages investors to seize the current market correction as a buying opportunity. He believes that these prices won’t last forever, and moves in altcoins are imminent. Therefore, investors with additional capital should consider buying the dip to maximize their returns by the end of the bull run.
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The post Analyst Predicts Major Moves for Ethereum (ETH), Kaspa (KAS), Bittensor (TAO), and QUBIC – Here’s Why the Bull Run Isn’t Over appeared first on CaptainAltcoin.