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RE: AskLeo - $2.4 Trillion Current Total Crypto Market Capitalization, But What's The Peak This Cycle?

in LeoFinance3 years ago

Put me around 2.6 trillion and I'm going to start feeling a little over bought for the short term. I'd see a pull back if we continue this upward trend like this. What's interesting though is Bitcoins not really moving and instead Ethereum is taking a good front of it right now. With PoS being talked about getting closer and burning fees reducing supply all around I feel like people are betting on that right now for ETH.

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If we're overbought at $2.6 trillion then this bull market is a failed one imo...

Posted Using LeoFinance Beta

Long term you're good like Q1 Q2 next year ETH should be 10k + if things go to plan that is.
Short term though you are going to constantly have those wild bumps. Major rally quick sell off. Too few people hold a majority stake so selling off a chunk is nothing to them for profits.