We hear that CRYPTOCAP:BTC runs 1st. Then CRYPTOCAP:ETH follows. Then #altcoins lag showing the biggest gains.
Let's see how true that is Early 2021 Chart: 1 Extended #BTC a little bit more on the left to show that there was a run already in progress.
2 #Bitcoin led the rally & it also TOPPED earlier. Took #ETH a little longer to run. It topped later. It also sold off faster than its counterpart.
----------------- CRYPTOCAP:BTC hit a mid April peak CRYPTOCAP:ETH hit a mid May peak ETH fell faster & coincided with BTC on all bottoms, shown in the yellow box.
#Ethereum resumed run was bigger, but was in conjunction with #Bitcoin.
#BTC made a higher high on this run. However, while the #ETH run was bigger, peaking a month later both times, it made a lower high.
----------------- CRYPTOCAP:ETH bottomed right above 1k in Mid June - July & tested this in Nov. CRYPTOCAP:BTC bottomed at a lower price in November. Both put higher lows in the middle of March.
Since then: #ETH has done a 4x! #BTC has done 4.5x & has new ATH!
The #Bitcoin performance is pretty much the same but the technical is better. #Ethereum is still under the ATH & resistance is currently stopping.
***So far: The early 2021 run shows CRYPTOCAP:BTC was a clear leader, topped before ETH.
Later in the year, #BTC peaked first BUT did manage to make another high while #ETH did not.
During bear market, the clear performer was #ethereum. It managed to bottom first, before BTC.
#Bitcoin has similar performance in returns in similar time frames but has been more impressive technically. *** ----------------- CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH
#altcoins follow similar trajectory to #ETH in early 2021 but outperformed it by a very good amount.
The second half of #altcoinseason wasn't as strong as the first half but still outperformed #ethereum & coincided with patterns again.
Smaller caps weakened first showing a loss for risk appetite.
----------------- #Altcoins perform more like CRYPTOCAP:BTC come August 2022. CRYPTOCAP:TOTAL 3 bottomed a month AFTER #BTC. This is shown in the yellow box.
Since then, as a whole, smaller caps have severely underperformed #bitcoin & #ethereum by 50%!
Granted, those in the right sectors have done well. Sectors like #AI #CryptoGaming & #memecoin.
----------------- CRYPTOCAP:BTC is at an ATH CRYPTOCAP:ETH is 20% away from its previous all time high. CRYPTOCAP:TOTAL 3 = is a whopping 50% from its all time high!
*******Conclusion******* Not sure of the narrative being pushed for the last 2 years is correct. At least in reference to #altcoins as a whole.
If you're in right sectors, yes, it is great! However, looking at the the data shows that most previous winners are severely lagging. Examples are CRYPTOCAP:BNBCRYPTOCAP:SOLCRYPTOCAP:AVAXBIST:LINK
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