Did We All Just Break Crypto? (This Isn’t Normal). | Web3 Daily

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Rattling! We’ve gone from BEAM to BAME.

(Which is sort of like having breakfast for dinner, or dessert earlier than your veggies…a enjoyable strategy to combine issues up, for positive! However not regular).

What does ‘going from BEAM to BAME’ imply?

In previous bull runs, the stream of funding has traced an identical path every time:

Everybody makes cash in Bitcoin → they roll these earnings into Ethereum → as soon as ETH has had its run, of us transfer into Altcoins → ending w Meme cash.

This time round, the market has been taking part in musical chairs…

Shifting like so:

Bitcoin (beginning early Oct. ‘23) → Altcoins (began by Solana, mid Oct. ‘23) → Meme cash (over the previous month or so) → Ethereum (tbd).

Right here’s why that is cool:

That complete cycle often solely begins after the Bitcoin halving (then lasts for 12-18 months). However proper now, the halving remains to be ~2 weeks away.

So the face melting beneficial properties that Bitcoin, Altcoins, and Meme Cash have all made to date?

…it could simply be the start if a a lot bigger 12-18 month transfer (with Ethereum nonetheless to return!).

Right here’s why this isn’t so cool:

Bear in mind just a few weeks again after we coated the potentiality of a left translated cycle?

ICYMI: that’d principally imply as an alternative of seeing 12-18 months of beneficial properties after the halving, we’d see costs peak a lot sooner/earlier (say, within the subsequent 6 months or so?) — earlier than falling into a protracted 2 yr bear market.

Yeah, properly…the loopy run up we’ve skilled from final October, until now? It performs proper into the ‘left translated cycle’ idea.

Excellent news is:

Whichever state of affairs performs out, foolish quantities of upward worth motion are forecast in each.