The life of altcoins ⠀ A simple observation from crypto-twit | Crypto | Bitcoin | Ethereum | Altcoin | News

The life of altcoins
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A simple observation from crypto-twitter that will help you not to get high - altcoins die when their capitalization reaches 10 million ETH (10% of saplai) or 2 million BTC (also 10% of saplai). Below are a number of examples and a few exceptions (which you know what).

LINK. 10M Eth, reached in mid-2020, down only since then.

NEO. Down only after 10M Eth.

SOL. Exceeded limit and reached ~17M Eth, but only down from there.

DASH. This one, on the other hand, almost fell short and only reached 1M₿.

AVAX. Only down after 8M Eth.

IOTA. Grew to ~1M₿, then slowly dying.

DOT. Maxed out at just under 1M₿, but around ~20M Eth.

TRX. The tops are close to the previous one.

LUNA. The most obvious position of the above, which suffered a crushing crash, but by volume fits the general rule - its max was at 1M₿ and 10M Eth.

XEM. Exactly the same situation: 1M₿ and 10M Eth, then only down.

Other examples of similar or close charts are BCH, SHIB, EOS, DASH, XMR, NANO, ATOM, ZEC, PPC, XTZ.

Exception: LTC! Caught in the "death zone" at the level of 1M₿ 5 times. True, the last time it happened was in 2019, since then - only a fall.

The obvious conclusion: when choosing long-term investments, look at the charts to ETH and BTC, avoid flying in late, and if you don't know what to buy - buy BTC or ETH.

Disclamer: of course, you should not rely only on the described rule. As always in such cases, not all coins even from the top 100 CMCs satisfy it. If the capitalization of the project has not reached 10 million ETH so far, it is quite possible that it will never reach them. However, the fact that on the horizon of 5+ years almost all cryptocurrencies are losing to BTC and ETH is an undeniable fact.

Do you invest in altcoins?

- Yes
- No

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