Haven't really been early on this one but have been tracking it ever since for a dip (still only +- $10M MC though).
Tough to exactly pin point the best entry right here but base has been formed, support has been building and $0.20 is being rejected a lot.
Early access of their working product is open, community of supporters has grown insane in such a short time and I think there are some bigger accounts in support of this as well.
Think this could pop off quite well in the coming weeks imo 🤝
A lot of fear among people that we will never ever get something like 2017-2021 again.
Most would think this comes as a surprise but I'm also in belief that certain things won't repeat itself anymore.
Altcoin dilution vs old days and us not being early early anymore prevents some of the "magnitude" of prior years.
However, just because certain factors changed doesn't mean it won't happen anymore.
An altseason up ahead will just be more narrative driven. Money will still flow but it flows more selectively just because there are more options right now.
Conditions to make capital inflow happen still and will exist.
Total market cap will still pump but it just won't go to the 35th blockchain that solved the trilemma and is better than Ethereum.
This altcoin chart might seem hopium to most but it's actually quite realistic backed by proof and data.
Bitcoin right now is sitting at +- $108k and is close to breaking into new all time high territory.
EVERY TIME THIS CYCLE when Bitcoin broke its local highs strongly (not a wick or takeout) it caused altcoins to surge.
Yes, not surge into traditional "altseason" territory like most like to call it but they surged and rebounded (call it strong relief) nonetheless.
Look at when Bitcoin expanded strongly to the upside and you'll exactly find Q1 2024 and Q4 2024 to almost the exact day.
Untill Bitcoin dominance begins to trickle down it won't entirely be like we are used to but the environment of surged like the chart below still creates a larger and more easy environment which I'll take any day.
Rate cuts, QE, economic clarity (wars, tariffs) are likely what we need to have, to have something more like a traditional altseason.
But even without those factors this cycle we have been able to get moves out of the altcoin market if Bitcoin expanded.
The ideal scenario would still be having a bitcoin expansion + dominance down ofcourse.
But that's still to early to stay when right now.
The scenario below however is at least already quite close 🤝
When I say I see $ETH still going to $10,000 it's not hopium speaking.
I hate that myself and my targets on any token or coin in the entire market is almost always way more conservative than anyone else (I'm actually known for that).
But when I say Ethereum is going to $10,000 that's actually my very realistic target (and really long term quite conservative actually).
What I consider hopium is saying it will happen fast or very soon.
We don't know that and very likely not this year.
But Ethereum (and others) have been held back quite a bit by the current landscape and geopolitical conditions in the world.
It's still the backbone of DeFi and the regulatory acceptance and institutional demand in time will likely skyrock just like what happened with Bitcoin this cycle.
(this is actually already happening on a smaller scale)
ETFs have also shown large interests in times of market clearance.
Move forward in time with all of this and you're looking at the second most sought after crypto in the world.
With Bitcoin behaving like it currently does amidst all the turmoil lately (tariff deals, war escalations) makes me definitely belief the top is not in yet.
Current events will still likely cause plenty of volatility on the charts though.