Hi experts in the house, is it true that present crypto market moves is like 2017 4th quarter? Is it true that there will be another massive bull run mostly on altcoins? I sucks at reading charts so I don't know how true is this
If we look at the market conditions during the bull run, then this bull run exceeded the 4th quarter of 2017. However, the current bull run looks more stable. Bitcoin price moves slowly, only ±3% price change in 24 hours.
Which is completely natural, the price is so high that now the amount of money needed to move it has grown exponentially so the volatility will go down simply for this reason alone.
However I think there are also some other reasons why what we are seeing is different than the previous bull run, back then people were very excited about the possibility of worldwide adoption becoming a reality, however we were very far away from it, and while we are also far away of such thing happening at the moment, things have moved along towards that direction at an incredibly speed, now we have institutional investors in the market and even a country has declared bitcoin as legal tender, so it makes sense that the volatility is lower now.