With the return of volatility and bearish reversal signs, all the "moon boys" come alive with their crystal ball prediction, which many are also talking about a return of the famous “
Alts Season” except that they do not realize that the context is totally different from that of 2017, even 2020.
Crypto Total Market Cap (Excl. #BTC) with only Active Cryptos:
2017: $55B / 1,300 Alts = $42M per Alt (+70%)
2020: $130B / 2,400 Alts = $54M per Alt (+27%)
2023: $650B / 8,800 Alts = $74M per Alt (...)
Note: the last number is the increase after the Alts season.
Dominance $BTC:
2017: 36% ($1,100)
2020: 36% ($8,500)
2023: 48% ($31,500)
Dominance $ETH:
2017: 10% ($49)
2020: 8% ($200)
2023: 20% ($2,100)
Crypto with No Real Value or Utility:
2017: 20-30% (all are estimates)
2020: 50-60%
2023: 80-90%
Note: Among the Top 100 by Market Cap, a 2022 study shows that only 36 projects provide real value or useful function to users.
@AlainBKK 15-April-2023
