Ah the crypto world is full of crazy times. Just look at the last few years. Crypto didn't really take off until around 2017 before that it was easy to grab it up in droves. But since 2017 there's been so much speculation and random things happening that people started to study it and found that crypto now has three core cycles.
Cycle 1
The main cycle that people often miss until after it's already happened. This is where BTC gains value and continues to gain value before the so called "bull" cycle kicks in. This in theory has already happened as we have seen BTC move from $16,000 to where it is today at $67.000 in just a little over a years time. That's a HUGE upswing and less than a year for it to move from $30,000 to it's current price today.
This seems to be the cycle we are currently in today.
Cycle 2
The bull the cycle everyone is currently waiting for means we hit and bypass ATH (All time highs) and we are to move into new territory rather quickly. Now an interesting thing happens during this cycle as we start to see funds move out of BTC into other promising projects like Ethereum take off but this cycle we will most likely see other blockbuster blockchains take off like Solana, ADA, AI etc.
Cycle 3
This normally is the end of the cycle when meme coins take off. BTC has been tapped out in terms of big swings to the upside and so have the blockbuster alt coins. Now people move into rather odd projects seeking out those massive returns. This ushers in the meme coin frenzy when all hell seems to break lose and people just go wild. It's often known as the end of the bull cycle.
Currently it feels like we are still in cycle 1 and just touching into 2 but we are waiting for something. Be that elections to be over or something.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.