Compared to Bitocin it just looks like another dead cat bounce from a dying shitcoin A decent 50%+ I'll give it that I guess.



It only reminds me of what happened December 2018 until April 2019, when Litecoin outpaced Bitcoin by 150%, until eventually making a new low by August. So if this does suggest anything, it'd be that Bitcoin is a due a strong bounce already, if some legacy shitcoins are already bouncing back (against BTC) with degen sepculation. Note the time-frame here, it was while Bitcoin was consolidating at the lows.

Probably most people forgot (or never cared in the first place) that during Bitcoin's consolidation between $3.2K and $5K, a lot of shitcoins were bouncing back already. It didn't last, but it was a pretty clear sign that speculation was returning to the market overall, especially when not placed in the right direction for the best returns, as most of them dumped 50% further against BTC by the end of the year.