With the $ETH ETF approved, animal spirits could be coming back quickly into crypto markets.
Maybe it’s time to rewire your brain for a proper bull run alt season… I wrote a thread about some of the insanity we saw in 2021 during the previous cycle, and I decided to make it into an article too :
$DOGE went up close to 10x in a day in January 2021 while it was already a billion-dollar coin.
$RUNE market cap went from $200M to almost $5bn in 5 months.
$FIL reached at some point a FDV close to $400bn. Yes, $400bn lmao. That’s almost the current market cap of $ETH.
$DOT was already a $5bn market cap coin very early in the bull run, in December 2020. It still managed to go up 8x in 2 months Jan-Feb 2021, and it reached a huge top market cap of $56bn.
$AXS market cap went from $200M to $10bn in 5 months. Its FDV was $43bn at the top.
$ICP launched at a $250bn FDV. High FDV is not exactly a new thing. And things can get so much more stupid that now.
Do you know about a coin called Telcoin (ticker $TEL) ? Maybe not. And yet, its market cap went from $10M to $3bn (300x) in 5 months during previous cycle.
$CHZ pumped literally 30X in one month, going from a $130M to a $4bn market cap. (And obviously GCR shorted the top.)
$BNB was already worth $6bn in early 2021. In the current market, this almost puts a coin in the top 20, just so that you realize. But then $BNB managed to have an 8x pump in 20 days, and reached $50bn market cap in February 2021.
$FLOW launched at a $10bn FDV. That’s massive, right ? Well it pumped to $57bn FDV in just a few weeks right after launch.
$GALA market cap reached $5.4bn at its top, while it was a $5M market cap project at the beginning of the year 2021. More than 500x returns for the early holders.
$SRM reached a top FDV of… $125bn. While its top market cap was around 100x lower, at $1.2bn. $WLD tokenomics are not an entirely new thing…
$THETA market cap went from $1bn to $13bn in 3 months.
$VET sounds like a somewhat forgotten dino coin now, right ? Its market cap went from $600M in November 2020 to $17bn in April 2021. That’s a 25x in a few months.
Exact same story for $ETC : $600M -> $17bn in 5 months. Notice how parabolic the last push up is ?
$SHIB went from $4bn to $40bn MC in less than a month. Before that, it basically spent 4 months flat ranging between $3bn and $4bn market cap. The final leg for memecoins is VERTICAL and BRUTAL.
$HOT : that’s probably a coin that you don’t even remember exists. And yet, it was worth $5bn at some point after a literal 35x pump in 2 months. (This means that it was worth $100M when $BTC broke its previous $20k ATH in December 2020).
When 2021 began, $CAKE market cap was around $50M. 4 months later, it reached almost $7bn, a 70x increase in price for the early longers.
Great article thanks. What do you see this year, is it gonna be more quiet or more wild than 2021? And your own opinion, when will we experience something like that crazy is it gonna be 2024 or 2025?