The correlation between $ETH and Gold is pretty substantial.
Similar to the Yields or the $DXY.
If Gold has peaked, for now, and goes in a 6-12 month bear market window, that would be the ultimate risk-on trigger for #Altcoins.
What goes up?
- Revenue generating altcoins.
- #DeFi
- $ETH Ecosystem.
- ETF based coins.
- AI / Crypto narrative.
- RWA