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20 Billion more in less than 2 days...

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@toofasteddie
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2 min read

Hey mates!

How are you doing?

I guess you are as surprised as me with the rise of the altcoins these last days, aren't you?

Everybody watching BITCOIN in order to declare or not the BULL market and instead it seems we are experiencing an ALTCOIN Bull market, apparently. This is crazy, isn't it?

The market has shown us on multiple occasions how unpredictable it can be, despite the fact that we sometimes refuse to assure it.

As a general rule this is what usually happens:

BITCOIN goes up pushing in its movement the altcoins and, days or weeks later, the altcoins keep pushing even higher maintaining the entire market at the top of the Bull cycle...

Conversely today, this rule does not look the same exactly.

After the famous halving of BITCOIN, it seems that the ones that are pulling the market upwards are the ALTCOINS.

Even more, within the last 2 days, more than 20 billion dollars have entered in the market and, strangely, almost all of this amount has gone to feed the ALTCOINS while BITCOIN continues to dance in its particular fight around 9200 USD.

Is this good news?

Absolutely yes, in my opinion, the market is regaining confidence and turning positive.

But one thing is clear, the money that comes in is "smart" and know very well what happened in the past...

This time investors are not waiting for BITCOIN to confirm it... Actually, if the BULLRUN of BITCOIN is confirmed and it rises the price of BTC x2 times, do you know how many times will the altcoins do?

Quite possibly much more than that.

At its best moment to date, at the end of 2017, BITCOIN had a market cap of 320 Billion, approximately 1.8 times today's market cap.

CARDANO, instead, at the same precise moment that BITCOIN reached its ATH, had a market cap of 32 Billion, approximately x10 times its current capitalisation...

In a Bull market, the majority of the top 100 altcoins will do well and much better than BITCOIN...the problem would be for you to have a plan for selling at the best price possible...

Btw, I am sure you already know the DOGECOIN rise today.

DOGE spikes used to be the preamble of the BITCOIN's movements upwards

Would it be the same this time?

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.