TL;DR

• Something is off — the appreciation we’ve seen in crypto prices over the past 6 months weren’t due to happen until mid April (either way, more increases are forecast).

Full Story

Damn! We’ve gone from BEAM to BAME.

(Which is kind of like having breakfast for dinner, or dessert before your veggies…a fun way to mix things up, for sure! But not normal).

What does ‘going from BEAM to BAME’ mean?

In past bull runs, the flow of investment has traced a similar path each time:

Everyone makes money in Bitcoin → they roll those profits into Ethereum → once ETH has had its run, folks move into Altcoins → finishing w Meme coins.

This time around, the market has been playing musical chairs…

Moving like so:

Bitcoin (starting early Oct. ‘23) → Altcoins (started by Solana, mid Oct. ‘23) → Meme coins (over the past month or so) → Ethereum (tbd).

Here’s why this is cool:

That whole cycle usually only starts after the Bitcoin halving (then lasts for 12-18 months). But right now, the halving is still ~2 weeks away.

So the face melting gains that Bitcoin, Altcoins, and Meme Coins have all made so far?

…it may just be the beginning if a much larger 12-18 month move (with Ethereum still to come!).

Here’s why this is not so cool:

Remember a few weeks back when we covered the potentiality of a left translated cycle?

ICYMI: that’d basically mean instead of seeing 12-18 months of gains after the halving, we’d see prices peak much faster/earlier (say, in the next 6 months or so?) — before falling into a prolonged 2 year bear market.

Yeah, well…the crazy run up we’ve experienced from last October, till now? It plays right into the ‘left translated cycle’ theory.

Good news is:

Whichever scenario plays out, silly amounts of upward price action are forecast in both.