Hi Traders,
Again, we thought that it would be useful to give you an overview of the total crypto market cap.
Is the end of the bullrun near? Thats is the big question....
We thought to do some research and compare the % move from the last bullrun to the most current on ewe are in right now. As seen on the chart you can see that the last bullrun saw an overall increase in market cap of 4837% roughly and lasting 287 days from start to finish.
The current bullrun has seen gains of 1985% and currently at 413 days from the start to the todays date! It is definitely expected that each time a market cycle is completed and starts again that you tend to see much larger gains that the last cycle as the more and more investors flood the markets. However, the time that we are in currently as a entire world hasn't been seen before or at least not to this scale. COVID-19 has shaken the entire world and in the doing so changing many industries and the finance sector is no exception. The deterioration in market prices due to the shut down of economies has placed the finance sector in an unsettling position. Prices have pushed their way back up as leaders planned for a v shaped recovery but again the question is asked again. When will prices come down? Prices are clearly over inflated in both the crypto space and other markets such as those ones that saw the most increases in value due to the shut down of economies. Will society go back to normal or continue with the same habits taken on due to lockdown restrictions. Although I agree that societies as a whole will be entering a new norm environment for example seeing a mix between home working and office working. There is also the factor that due to lockdown restrictions it has pushed people to innovate and take their businesses to a more digitised environment with seeing an increase presence within the social media sector as a way of increasing business. This is great for crypto as it still needs value to be introduced to the market to benefit the every day person in their everyday chores/tasks.
But to answer the first question asked, No I don't think this is the end, well at least for the next few months anyway. I do agree that prices are over inflated but experts continue with the narrative that we are in a super cycle which adds to the argument that we will see prices looking like they are overinflated for a much longer timeframe. In addition, large banks and funds are increasing their exposure to the crypto market which is great in making people realise that large institutions are getting involved. Albeit for investment/speculation purposes. We do I think total market cap will reach by the end of this bullrun? Honestly, its very difficult for anyone to make this prediction due to the magnitude of coins in the market. Its still very unclear on how these coins will be implemented for the every day person to use. Even though the technology behind certain coins have their strong use cases in solving problems. So we will go off past history to predict new prices with the combination of new fundamentals as time moves onwards.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Again, we thought that it would be useful to give you an overview of the total crypto market cap.
Is the end of the bullrun near? Thats is the big question....
We thought to do some research and compare the % move from the last bullrun to the most current on ewe are in right now. As seen on the chart you can see that the last bullrun saw an overall increase in market cap of 4837% roughly and lasting 287 days from start to finish.
The current bullrun has seen gains of 1985% and currently at 413 days from the start to the todays date! It is definitely expected that each time a market cycle is completed and starts again that you tend to see much larger gains that the last cycle as the more and more investors flood the markets. However, the time that we are in currently as a entire world hasn't been seen before or at least not to this scale. COVID-19 has shaken the entire world and in the doing so changing many industries and the finance sector is no exception. The deterioration in market prices due to the shut down of economies has placed the finance sector in an unsettling position. Prices have pushed their way back up as leaders planned for a v shaped recovery but again the question is asked again. When will prices come down? Prices are clearly over inflated in both the crypto space and other markets such as those ones that saw the most increases in value due to the shut down of economies. Will society go back to normal or continue with the same habits taken on due to lockdown restrictions. Although I agree that societies as a whole will be entering a new norm environment for example seeing a mix between home working and office working. There is also the factor that due to lockdown restrictions it has pushed people to innovate and take their businesses to a more digitised environment with seeing an increase presence within the social media sector as a way of increasing business. This is great for crypto as it still needs value to be introduced to the market to benefit the every day person in their everyday chores/tasks.
But to answer the first question asked, No I don't think this is the end, well at least for the next few months anyway. I do agree that prices are over inflated but experts continue with the narrative that we are in a super cycle which adds to the argument that we will see prices looking like they are overinflated for a much longer timeframe. In addition, large banks and funds are increasing their exposure to the crypto market which is great in making people realise that large institutions are getting involved. Albeit for investment/speculation purposes. We do I think total market cap will reach by the end of this bullrun? Honestly, its very difficult for anyone to make this prediction due to the magnitude of coins in the market. Its still very unclear on how these coins will be implemented for the every day person to use. Even though the technology behind certain coins have their strong use cases in solving problems. So we will go off past history to predict new prices with the combination of new fundamentals as time moves onwards.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.