The crypto market enters the second phase of the bull market cycle! (ETH)
Bitcoin often leads bull market cycles, while altcoins tend to lag in the early stages. As the cycle progresses, altcoins often gain momentum and outperform Bitcoin at the end of the cycle. We refer to this as the 'first phase' and 'second phase' of a bull market.
$ETH
Importantly, in the past two cycles, altcoins have contributed the majority of value creation. In the 2015-2018 cycle, altcoins contributed 66% of the total growth in cryptocurrency market value. In the 2018-2021 cycle, altcoins contributed 55%.
So far, altcoins have accounted for 35% of the overall market growth in this cycle.
$ETH
Importantly, in the past two cycles, altcoins have contributed the majority of value creation. In the 2015-2018 cycle, altcoins contributed 66% of the total growth in cryptocurrency market value. In the 2018-2021 cycle, altcoins contributed 55%.
So far, altcoins have accounted for 35% of the overall market growth in this cycle.
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ETH
4,732.01
+0.94%