TL; DR
Full story
Damn! We’ve gone from BEAM to BAME.
(That’s kind of like having breakfast for dinner, or dessert before your veggies…a fun way to mix things up, for sure! But not normal).
What does ‘going from BEAM to BAME’ mean?
In previous bull runs, the investment flow has followed a similar path each time:
Everyone makes money from it bitcoin → they roll in those winnings Ethereum → once ETH has had its run, people will flock to it altcoins → finish w Mem coins.
This time the market played musical chairs…
Move like this:
bitcoin (as of early October ’23) → altcoins (started by Solana, mid-October ’23) → Meme coins (in the last month or so) → Ethere (to be determined).
Here’s why this is cool:
The whole cycle usually only begins after the halving of Bitcoin (which will then take 12-18 months). But right now the halving is still ~2 weeks away.
So the huge gains that Bitcoin, Altcoins and Meme Coins have all made so far?
…it could be just the beginning of a much bigger move over 12 to 18 months (with Ethereum still on the way!).
Here’s why this isn’t so cool:
Remember a few weeks ago when we discussed the potential of a left-translated cycle?
ICYMI: That would essentially mean that instead of seeing twelve to eighteen months of gains after the halving, we would see prices peak much sooner/sooner (say, in the next six months or so?) – before going into an extended period of two years. bear market.
Yeah, well…the crazy run-up we’ve been through from last October to now? It fits seamlessly with the theory of the ‘left-translated cycle’.
Good news is:
Whichever scenario plays out, crazy amounts of upward price action are predicted in both cases.