The Flow Horse, one of the popular names in the cryptocurrency world, stated that a bull market cycle similar to the parabolic rally that took place in 2020 has occurred. analyst, seven altcoinStating that he follows closely the reasons elaborated.
Prepare for the crazy period.
NEWS CONTINUES BELOW— HORSE (@TheFlowHorse) February 9, 2024
The Flow Horse points to the parabolic period of 2020, when Bitcoin rose from nearly $10,000 to $64,000 in less than a year. cryptocurrency He claimed it was similar to a rally. During the same time period, the total market cap of altcoins (TOTAL3) jumped from $73 billion to $793 billion, an increase of nearly 1,000%.
Yes, I believe we are on the same path now. That is why I have emphasized that the periods of euphoria we have experienced recently and any pullback must be understood as small-scale within a much larger trend and a more unimaginable set of circumstances.
NEWS CONTINUES BELOW
The analyst noted that in anticipation of a massive market-wide rally, smart contract platforms have accumulated holdings in the altcoin list, including native assets of Solana (SOL), Near (NEAR), Sui (SUI), and Avalanche (AVAX). These assets consist of MINA, SUI, AVAX, SOL, RNDR, WIF and NEAR.
As we reported as Koinfinans.com, the analyst who completed his prediction for Bitcoin stated that the current rise will not stop at $ 50,000.
