You're comparing two different time frames. If you should compare this rally I consider that the end of 2016 or the beginning of 2017 would be the best to be taken into consideration. That time when BTC hit $20k it was one and half years after the halving and now we're six months after the last halving. One year from is when we'll be once again close to the end of the bull market and that's when we should compare the situation of the late 2017 with what the end of 2021 will offer. Only then we can draw conclusions whether altcoins followed indeed BTC as in 2017 and if fundamentals matter for the bull market. It's too soon in my opinion. That's how I see it.

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