The world of cryptocurrencies is fascinating and volatile. Despite the differences between the various currencies, many of them follow a very similar pattern of rises and falls. Let’s understand this cycle better:
🌟 1. Bull Market
During a bull market, the value of cryptocurrencies rises rapidly. 🚀 Demand increases, and investors become optimistic. 📈
- FOMO (Fear of Missing Out) 😱: Many people buy because they are afraid of losing their profits.
- Positive News 🗞️: Announcements and mass adoption drive prices up.