I have no idea about this consumer index that you've just mentioned. But the one thing we're sure to see is that, whenever bitcoin goes on a bull run.
Then, most altcoins are also going to be the same just as bitcoin is. Because that's the cycle and pattern that we always get to see and we knew it from the beginning when bitcoin goes up, everything has the chance to go up too.
I read a post a year or two ago which describes how the money trickles from bitcoin down to the low-cap altcoins. They come in different phases and it looks something like this,
- Phase 1: money flows into BTC
- Phase 2: ETH and other high cap alts
- Phase 3: mid caps moves
- Phase 4: low caps mania
I don't need to say it but Phase 4 is where some people get the most profits.
Yep, you are right 100%, this was how I was able to turn 1000$ into 28,000$ months ago, all thanks to small cap projects and of cos the FOMO, high risk but worthy rewards, right now we shouldn't get confused about that bull is back, if BTC made it up 25k I will start taking profit, it seems this bear market isn't done yet.