A Historic Moment For Altcoins
Here's why...
Every time the Altcoin market has dipped as of late...
People somehow forget that Altcoin Market Cap broke its 2017 highs a few days ago.
So let's take a look at the last time Altcoin Market Cap broke its old All Time High just to truly appreciate how significant an event this really is...
Back in October 2020, Altcoin Market Cap was testing the same exact area that propelled Altcoins to reach the 2017 All Time Highs:
In the months since, Altcoin Market Cap has simply gone vertical.
Altcoin Market Cap has been growing without pause until...
Altcoin Market Cap finally revisited the 2017 highs and broke them:
Altcoin Market Cap is now in Discovery mode.
But why is this so important?
Let's take a look at the last time Altcoin Market Cap broke its old All Time High to appreciate why:
The last time Altcoin Market Cap broke its old All Time High (red)…
Altcoin Market Cap increased by +27,000%.
The first time Altcoin Market Cap rejected from its old All Time High in 2014...
It took Altcoin Market Cap over 1000 days (!) to once again revisit this very same old All Time High.
And when it did - ALTMC then turned this same level into one of support (green).
And once Altcoin Market Cap finally broke its old All Time High in December 2016...
It took Altcoin Market Cap just over a year to rally +27,000% to new unimaginable highs:
It is remarkable how history is repeating itself as we speak:
• Once again, it took Altcoin Market Cap over 1000 days to revisit its old ATHs ✅
• Recently broke its 2017 highs ✅
• May be turning this level into support (green) ✅
• On the cusp of a new exponential uptrend ✅
What will happen if history repeats?
If history continues to repeat...
Altcoin Market Cap will soon turn the 2017 highs into an area of support.
And then springboard into an exponential uptrend that will see Altcoin Market Cap grow by +1000's of %.
This uptrend could take up to a year to peak.
Thank you for reading.
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