Crypto Total 2 Marketcap is the Crypto Total Marketcap, excluding BTC(Bitcoin). Literally, it's the altcoin marketcap.
Even though it's almost recovered, most altcoins have rebounded a little bit. Compared to 2021 ATH, these are still struggling. STEEM is not exceptional as well.
I expect the Crypto Total 2 Marketcap will break 2021 ATH this month, and continuously grow until the next Q1. Because, when it broke ATHs, there were not much deep price corrections and consolidations.
As I previously said BTC dominance, it started collapsing from this November.
My scenarios are as follows.
BTC(Bitcoin) dominance would likely collapse to around T1(Target 1, BTC dominance 40%) untill next March or April. The T1 is my conservative target dominance. Then, it would increase somewhat during the next summer, and it would collapse to around T1 again. Finally, this cycle ends.
It's similar to the No.1 scenario until the next summer. The difference is at the end of this cycle, my aggressive target dominance is T2(BTC dominance 20%).
Well, I know most investors have set the target dominance is around 40%. But, as time goes by, the crypto market has been developed and divided by many themes such as De-Fi(Decentralized Finance), NFT(Non-Fungible Token), Social-Fi(Social Finance), Web 3.0, L2(Layer 2), memes, etc. Let's get back to 2017. Did these exist at that time? This is the reason why I'm looking forward to the T2.
Honestly, I prefer T1. Because, I don't wanna make a mistake again like 2022. I hope you catch the luck this cycle.
In order to do it, you need to control your breath, hiding in a bush. Then, wait for a target animal before appearing.
If you don't do anything, you won't be able to catch any luck. That's true.
BTC即将迎来春天！
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