#MarketRebound #MarketRebound
The cryptocurrency cycle is entering phase 2
Cosmo Jiang, analyst at Pantera Capital, anticipates what the next market movements will be.
The future of the cryptocurrency market looks optimistic for specialists. Source: Grok.
In the first phase, bitcoin was the protagonist.
In phase 2, alternative cryptocurrencies would begin to stand out more.
With the marked upward trend of bitcoin (BTC) that has led it to new all-time highs, enthusiasm is spreading in the overall cryptocurrency market. Several are at their highest trading levels of the year, while others have set new records.
According to a report by the investment firm Pantera Capital, made by analyst Cosmo Jiang, the cryptocurrency market is entering phase 2 of the bullish cycle. Accordingly, he expects it to continue generating positive returns, with altcoins standing out over bitcoin.
He explains that historical bullish cycles have typically had two pronounced stages. Phase 1 is the initial stage of the rally in which bitcoin outperforms the rest of the market. And phase 2 is the final period of the bullish cycle in which altcoins (crypto assets excluding BTC) have superior performance.
