Previous market cycles were clear:

#Bitcoin $BTC

⬇️

⬇️

#Ethereum $ETH

⬇️

⬇️

Altcoins

⬇️

⬇️

#Memes $MEME

🔁

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.