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

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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 method to combine issues up, for certain! However not regular).

What does ‘going from BEAM to BAME’ imply?

In previous bull runs, the move of funding has traced an analogous path every time:

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

This time round, the market has been enjoying 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 entire cycle normally solely begins after the Bitcoin halving (then lasts for 12-18 months). However proper now, the halving continues to be ~2 weeks away.

So the face melting good points that Bitcoin, Altcoins, and Meme Cash have all made to this point?

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

Right here’s why this isn’t so cool:

Bear in mind a couple of weeks again once we coated the potentiality of a left translated cycle?

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

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

Excellent news is:

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