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Phase Two of the Bull Market is Here — What It Means for Your Ethereum Investments!
This bright signal means that we are now in the second part of this bull market. This will have a big effect on Ethereum and other large-cap cryptocurrencies in early 2024. This piece will explain what that bright signal means and talk about the altcoins that are most likely to grow quickly in the first few months of 2019. Also, if you read this whole piece, I’ll tell you about a very cool new project.
This year, Bitcoin has gone through the roof, rising by 166%. This is a big jump considering how much it costs to move and how much it’s worth on the market. Many people think that when the market is going up, smaller-cap coins will do better than Bitcoin. It’s true, but this usually only happens after Bitcoin has had a big rise. Besides that, another important event must first happen.
The Ethereum Cycle
In the first phase, Bitcoin goes through a surge, which we’ve seen all year, especially this fall, with a rise to around $45,000. Some people are still waiting for the market to go down, but we’ve been making money on gains in large-cap altcoins and other investments. But we are still not at step two, which is the Ethereum cycle.
It is very important to understand how a crypto bull market works. People who are “smarter investors” (or “chancers,” as I like to call them) start investing at the beginning. Well done if you’ve been buying this year. You would have done well. Major purchases, on the other hand, usually don’t come into the market until later times. Using a logarithmic scale (which shows percentage changes over dollar amounts for ease of understanding) to look back at Bitcoin’s success during the last bull market, we can see a trend. After a big rise, smart money comes in, followed by bigger investments and institutional money. This brings in investors who aren’t as well-informed, and at the peak, most investors sell off.
Large-Caps Still Sleeping
What’s important to keep in mind is that a lot of money hasn’t come into the crypto area yet. The amount of spending we have now is pretty low compared to what we can expect over the next 18 months. Some small caps are…
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