Pseudonymous crypto trader "Cold Blooded Shiller" raises the question of whether the market is already beginning to phase out certain altcoins in favor of stronger performers and Bitcoin (CRYPTO: BTC).
What Happened: Shiller points out that each crypto cycle sees coins that have a strong run but fail to make new all-time highs in subsequent cycles. During the current cycle, Bitcoin’s strength cannot be doubted, and there have been strong altcoin narratives and spectacular meme coin runs. However, Shiller notes an interesting separation among altcoins.
Is it possible we're already seeing the phasing out of certain coins?
Each cycle we see coins that have a strong run, and then go on to never make a new ATH ever again.
During this cycle one thing that can not be doubted is the strength of . Then we have strong alt… ...