CrediBULL Crypto
CrediBULL Crypto|Jan 25, 2025 01:27
For the non TA guys out there who don't analyze charts I understand the skepticism- so let's put it in a way you guys can understand: Bitcoin is arguably king of this space right now. It was the first crypto created, is currently the largest by marketcap, less relatively volatile vs it's peers, and therefore the "safest" investment of this asset class. We all know that reward is always relative to risk, and that generally the more risk you take, the higher the potential reward is. Investing in Bitcoin vs alts is like investing in US treasuries vs stocks, in that you are trading off a higher potential yield for less risk and more stability. When in a bull market on equities, you should EXPECT the stocks you've picked to outperform those treasury bills during this specific window of time. The same idea applies here. In a bull market, it's EXPECTED that most major alts will outperform BTC in terms of ROI, just as they underperform BTC in a bear market. BTC has now nearly doubled it's prior ATH in the 60k region (and many of you agree the run isn't over yet). Why then, is it so difficult for people to see ETH hitting 10k this cycle which is just barely a 2x over it's own prior ATH of ~4800? If BTC has nearly 2x'd it's prior ATH and we know that it always LEADS the cycle, many alts (especially ones that have remained Top 3 for nearly a decade now) should EASILY eclipse that 2x by the end of this cycle. Yes there are other considerations like increase in circulating supply on alts vs BTC but after a bear market/capitulation enough of the circulating supply has been cornered to where the excess isn't as big of a deal as people make it out to be (more on that in a Youtube vid I made here if you're interested: https://youtu.be/G8fexAmY9vA?si=akK0uiBLnvIFhcky) All this to say that, irrespective of the fantastic HTF technical setup, 10k MIN on ETH (2x prior ATH) is not just realistic but highly probable in the coming months imo and realistically we should go much higher.
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