Since the 30th of April we have been moving sideways and this is starting to get boring. However last weeks we've noticed some altcoins that are starting to get hot 🔥, for example Cardano.
Some are arguing that we are witnessing some signals of the new altcoin bull run, however if we take a look at the Bitcoin chart, this is far from being similar at the last one from 2017.
I don't think we will have any altcoin bull run if the price of Bitcoin remains stable at 9,000$, what caused the last 2017 spike in altcoins was people trying to find the new diamond between the altcoins.
By the way, I am not saying that a stable Bitcoin price is not good for altcoins, I think it really is. In my opinion the consolidation of the Bitcoin prices is helping the whole cryptosphere.
Bulls will eventually come
Anybody claiming that the new bull run is coming simply doesn't know it. It will come at some point, as this fantastic assets called cryptocurrencyes are in a lot of senses better than the current Fiat alternative.
There is space for both but I dream in a world where more than 50% of my assets are securely allocated in crypto. I will trully own my assets securely, and I don't want any institution to have power over them in any way.
I am sure that I am not alone with this, and if there is the need, we'll find a way to achieve this.
Like everyday I was reading twitter and I found this amazing photo, I would love to have this piece of art in my home.
I am still taking care of my injury and I have been home all the weekend. I hope yours have been better than mine!