A bit late, but Happy new year to everyone! And wow, the cryptocurrency market started 2021 with a blast. Beginning with Bitcoin, which broke its ATH (All-Time High) big time and is still going strong. Then fi-na-lly alts started to regain strength since the beginning of November. But now we are actually seeing some similar movements since the Altseason in 2017. Let me try to visualize it:
2017: Bitcoin surged up to $20K → Altseason started
2020: Bitcoin broke ATH → Altseason?
Can we see a similar bull-run in 2021? Well, as of this moment, nearly the whole cryptocurrency market is surging massively. I think the potential is really there, especially when thinking about this idea above. In addition, Bitcoin, Ethereum, and even other smaller cryptocurrencies such as VeChain Thor are still holding these insane highs. Lastly, in these awful times of the COVID-19 pandemic, people are in general spending less than usual (like travelling and going on holiday). Therefore, people are looking for other ways to do something with their money → People start to invest in stocks and cryptocurrencies (especially youngsters). But in the end, we have to see it within the coming period. What do you think? Will we see a massive bull-run, or can we expect a retrace?
2017: Bitcoin surged up to $20K → Altseason started
2020: Bitcoin broke ATH → Altseason?
Can we see a similar bull-run in 2021? Well, as of this moment, nearly the whole cryptocurrency market is surging massively. I think the potential is really there, especially when thinking about this idea above. In addition, Bitcoin, Ethereum, and even other smaller cryptocurrencies such as VeChain Thor are still holding these insane highs. Lastly, in these awful times of the COVID-19 pandemic, people are in general spending less than usual (like travelling and going on holiday). Therefore, people are looking for other ways to do something with their money → People start to invest in stocks and cryptocurrencies (especially youngsters). But in the end, we have to see it within the coming period. What do you think? Will we see a massive bull-run, or can we expect a retrace?