We’re Still Early – These Charts Prove It

The Cycle Repeats Itself                                                                                                                                                                                                                                                                                                                                                                                                                 July 27, 2024 | [Read Online]( [Teeka Tiwari]( & Houston Molnar [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20The%20Digital%20Asset%20Daily&body=We%E2%80%99re%20Still%20Early%20in%20the%20Crypto%20Bull%20Market%20%E2%80%93%20These%20Charts%20Prove%20It%20%3A%20The%20Crypto%20Cycle%20Repeats%20Itself%0A%0Ahttps%3A%2F%2Ftiwariresearchgroup.com%2Fp%2Fstill-early-crypto-bull-market-charts-prove) We’re Still Early in the Crypto Bull Market – These Charts Prove It If you think it’s too late to ride the current crypto bull market to life-changing gains, you could be making one of the biggest financial mistakes of your life. And I have charts to prove it… In August 2023, bitcoin and Ethereum – the two largest cryptocurrencies by market cap – traded around $26,000 and $1,600, respectively. They both peaked in March 2024 at roughly $74,000 and $4,000. Since their highs, bitcoin has dropped as much as 27% and Ethereum as much as 31%. So I don’t blame you if you think the bull market is over. But as Teeka wrote recently, [we’re holding a strong hand with bitcoin](. And in a moment, I’ll tell you how to strengthen your hand even more with altcoins. Before we get to that, you need to understand how crypto bull market cycles work. Digital assets are highly volatile. And in each bull market – after bitcoin hits all-time new highs – we’ll see a significant pullback before the next significant leg higher. The good news is these pullbacks present incredible buying opportunities in the altcoin sector. Where bitcoin goes, the altcoins follow. That means there are lots of quality altcoins trading at fire-sale prices. But they won’t be for much longer. In fact, they’re poised to go higher… Much, much higher. Today, I’ll show you why the most explosive part of the bull market is still ahead of us… And how you can position yourself for life-changing gains from this asset class. The Crypto Cycle Repeats Itself Every crypto bull market we see the same cycle play out: ● Phase 1: Capital flows into the king of crypto, bitcoin (BTC). ● Phase 2: Capital inflows rotate from BTC to large cryptos like Ethereum (ETH) and Solana (SOL). ● Phase 3: Capital inflows rotate from large caps into small cap altcoins. Phase 1 of this cycle started in January 2023, when bitcoin bottomed out. From there, bitcoin exploded from $16,500 to $73,000. We’re currently in the early stages of Phase 2. That’s when inflows begin to rotate into large cap altcoins like Ethereum (ETH), Solana (SOL), and Binance (BNB). As you can see in the chart below, Solana became the first large-cap altcoin to outpace BTC as the network saw an explosion in usage. Then, Binance began to outpace BTC in December when its network also saw an uptick in usage. More recently, Ethereum began to outpace BTC in May. That’s when the Securities and Exchange Commission (SEC) approved eight spot Ethereum ETFs applications. The ETFs just went live on Tuesday and generated over $1 billion in trading volume on their first day. Despite bitcoin’s big run-up over the past year, altcoins have barely moved in comparison. But it’s only a matter of time before they do. Here’s why… Bitcoin only accounts for half of the $2.25 trillion crypto market. And it always moves first in a bull cycle because it’s considered the safest among crypto assets. The altcoins don’t start moving until after bitcoin has started its first run to signal the beginning of a new bull market cycle. That’s why the next chart is so important. It shows the total market cap of all crypto assets outside of bitcoin and Ethereum. Right now, the current market cap of all altcoins outside of Ethereum is $683 billion. Based on our research, we expect this market to grow to at least $2 trillion by the end of this bull cycle (the green dotted line in the chart below). That’s a potential 195% increase from today’s levels. Altcoins made their first run in October 2023. But they have pulled back significantly since then. I want you to view this pullback as a blessing. It’s giving us a second opportunity to buy before the altcoin mania really begins later this year and into 2025. In the last bull market that ended in 2021, the total altcoin market shot up over 3,500% within two years. Today, the total altcoin market cap is up only 99% from its lows set in 2022 when you factor in the recent pullback. Can you begin to see how early we still are? These charts show you we are just beginning to scratch the surface on the gains we’re about to see over the next year as this bull market gets going. There’s Still Blue-Sky Potential Ahead During the last two crypto bull markets, Teeka’s subscribers had the chance to see altcoin gains of as high as 36,696% on Binance (BNB), 85,209% on Terra (LUNA), and even 156,753% on Neo (NEO). The altcoin market cap (excluding bitcoin and Ethereum) still has another $450 billion to go before it reaches its previous all-time high. Based on the historical growth of altcoins, I expect the value of these smaller tokens to hit somewhere north of $2 trillion before the next bull market cycle is over. If so, you’ll see many altcoins return 25x, 50x, and in rare instances 500x to early investors. But what about bitcoin and Ethereum? You can still make 2x to 5x returns by investing in BTC and ETH. I own both. And I don’t plan on selling anytime soon. While altcoins are riskier than bitcoin or Ethereum, they come with much larger upside potential. Many of these smaller altcoins have market caps of $1 billion or less. And some trade for pennies. That means it takes much less volume to move the price of a token with a market cap less than $1 billion than it does to move the price of bitcoin, which has a market cap over $1.3 trillion market. That’s where you want to be putting your speculative money to work during this current pullback because the next life-changing move will happen in the altcoins Regards, Houston Molnar P.S. The short-term pullback in altcoins is creating an amazing buying opportunity in a handful of coins from a niche corner of the crypto market. Teeka recently held a briefing explaining what this subsector is… and how a little understood catalyst could boost these tokens 500x from today’s prices. [You can stream the replay right here…]( Share The Digital Asset Daily You currently have 0 referrals. [Click to Share]( Or copy and paste this link to others: [fb]( [tw]( [ig]( [yt]( [in]( Update your email preferences or unsubscribe [here]( © 2024 Tiwari Research Group 1607 Ponce De Leon Ave San Juan, Puerto Rico 00909, Puerto Rico [Terms of Service](