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Crypto Expert Unveils 15 Surprising Truths About This Bull Run You Need To Know

News Feed - 2024-11-29 05:11:04

Este artículo también está disponible en español.


In a thread on X, crypto researcher Alex Wacy (@wacy_time1) shared 15 eye-opening insights about the current bull cycle with his 183,000 followers. Wacy’s analysis covers a range of topics from Bitcoin dynamics to emerging technologies like AI and DePIN (Decentralized Physical Infrastructure Networks). Here’s a detailed look at his revelations. #1 Bitcoin Season Is Memecoin Season


“When Bitcoin rises, people often buy memecoins en masse, which positively affects their prices,” Wacy observed. In contrast to the previous bull run, capital flows directly in the most high-risk sector of crypto. The surge in Bitcoin’s price tends to trigger a ripple effect in the memecoin market, leading to significant price appreciations for these tokens, leaving out more fundamentally strong altcoins. #2 Long-Term Bitcoin Holders Are Selling Aggressively


Wacy highlighted a notable sell-off among long-term Bitcoin holders. “They have already sold nearly 730,000 BTC over the month,” he noted. Interestingly, US spot ETFs are absorbing about 90% of this selling pressure, playing a crucial role in stabilizing the market. #3 Solana Above $500 May Be A Reality


“Even when the memecoin era comes to an end, AI and DePIN projects’ developers continue to opt for Solana,” Wacy pointed out. With the massive attention on memecoins, AI, and DePIN narratives, Solana is still the leading ecosystem which will eventually push SOL’s price above $500. Related Reading 9 Crypto Predictions For 2025: Nansen CEO Forecasts Biggest Bull Run Ever 23 hours ago #4 Blockchain-Based AI Agents Are Still Undervalued


“AI agents are already making their mark in the real world. However, AI built on blockchain offers greater decentralization and privacy,” Wacy stated. He suggests that blockchain-based AI projects have untapped potential and are currently undervalued in the market. #5 Ethereum Is Set to Rise


Ethereum’s open interest has surpassed its previous all-time high, exceeding $13 billion—a growth of over 40% in the last four months. This surge indicates increased investor interest and could signal a significant upward movement in Ethereum’s price. “Ethereum is set to rise,” Wacy predicts. #6 Most Ethereum Layer 2s Will Fail


Wacy expresses skepticism about the proliferation of Ethereum Layer 2 solutions. “The most promising L2s at the moment are Base and Mantle,” he commented. He warned that unless the Ethereum Foundation develops “a concept of L2 hubs,” 90% of L2 chains might not survive the next bear cycle. #7 Trendy Technologies Will Succeed


“AI, DePIN, and RWA are the future. At least that’s how retail sees it, so keep an eye on these trends,” Wacy advised. According to him, investor’s core capital should only be invested in these three most powerful narratives in the ongoing bull run. Related Reading From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs 2 days ago #8 Non-Key Narratives Are Great For Speculation


Wacy highlights the speculative potential in less mainstream sectors like Decentralized Science (DeSci). “While it may be less popular, it has been and will continue to be well-pumped,” he remarked, indicating opportunities for more high-risk averse investors. #9 Quantum Crypto Is Gaining Attention


“Quantum stocks have surged over 1000% in just one month,” Wacy noted. He suggests that investors should monitor quantum-related crypto projects, as this sector may experience significant growth in the upcoming months. #10 Exercise Caution With Market Sentiment


“Take what people say here with a grain of salt. They’re often too bearish during dumps and too bullish during pumps,” Wacy warned. He recommends critical analysis of market sentiment indicators, which can be misleading during extreme market conditions. #11 Timing Is Crucial For Offloading Altcoins


“When you consider offloading your altcoins and everyone labels you an absolute idiot, that’s your cue for the best moment to cash out,” Wacy suggested. Contrarian strategies might offer optimal exit points for altcoin investors. #12 Valuing Insights From Crypto Analyst Cobie


“I think Cobie knows something a little more about this market than we do,” Wacy said, referring to well-known crypto analyst Cobie (@cobie). He advises listening to Cobie’s who famously stated earlier in this crypto bull run that investors should focus 70% of their capital in cat themed memecoins, 20% in other animal memecoins and only 10% in all other coins for maximum profit. #13 Traditional Market Rules Still Apply


“Even though this cycle differs greatly from previous ones, altcoin growth remains heavily reliant on Bitcoin dominance,” Wacy observed. Despite new market dynamics, Bitcoin continues to be the most important influence over the broader crypto market. #14 Market Cycles Remain Unchanged


“The market is a cycle. Today it’s memes, tomorrow it’s technology, and the day after, regulations. Cycles have never been canceled. Remember that,” Wacy emphasized. Understanding the cyclical nature of markets can help investors navigate volatility. #15 Strategic Investment Considerations


“Some people might benefit more from seeking dips in alpha plays, rather than attempting to catch another risky beta play. Reflect on it,” Wacy concluded. He encourages investors to focus on high-quality investments with strong fundamentals instead of chasing high-risk opportunities.


At press time, Bitcoin traded at $94,875. BTC price, 1-day chart | Source: BTCUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

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