Post
Topic
Board Speculation
Re: Bitcoin dominance
by
thecodebear
on 24/04/2018, 05:03:33 UTC
Bitcoin dominance has been dropped to 39.2% from 45%, market cap is $382 billion now, are we moving towards another bull run like Dec?


woah woah like dec?!? Let's not get ahead of ourselves. December was the mania phase at the tail end of a long increase that stared in mid-2015 when the last bottom of the market occurred. Maybe in a year we'll be getting back close to a december 2017 type of situation, but we're still a long ways away from even hitting the high of the last bull run, let alone starting the climb above it that will define the next bull run. The market is just now turning around from the bottom of the crash, it'll be a long type before we hit another mania phase like december at the tail end of the next boom (price could be 7-10x what it is now by then).