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Crypto markets have been on a steady incline since the beginning of the year. Bitcoin has doubled this year, and after a few months of minor price corrections, the platform entered a market pattern already seen in the 2015-2017 period. According to experts, Bitcoin has entered the pre-bull market cycle.
The report by Delphi Digital analyzes how Bitcoin prices correlate to broader economic trends, and according to their findings, the current consolidation of BTC at the level of $30,000 is very similar to the 2015 – 2017 period, which could result in new all-time highs in 2024. Let's see what's going on in more detail and how the BTC price rally will impact altcoins, such as Wall Street Memes and Sonik Coin.
The analysis by Delphi focuses on the inherent cyclical nature of crypto markets. It showed how the cycles are defined by the timing between peaks and bottoms, recovery periods to the previous cycle's highs, and price rallies in new cycles. Of course, they used Bitcoin as a benchmark, and once they analyzed historical prices, they got a clear picture of cryptocurrency market cycles and what defines them.
The Bitcoin cycle takes four years to repeat itself. First, the crypto hits a new all-time high, then loses about 80% of its value, bottoming out about a year after the ATH. The recovery from the lowest price point takes about two years, followed by a one-year price rally that results in new all-time highs. Oddly enough, the research found a link between Bitcoin bull runs and changes in the business cycle, so it practically follows the ISM manufacturing index.
Once Bitcoin hits its highest point, the ISM also tops out in all important categories. Once the business cycle enters recovery, Bitcoin prices follow. The research further stated how Bitcoin's halving also significantly affects price movements. The last two times, it happened about a year and a half after BTC bottomed and about seven months before a new ATH. Considering all these details, the new ATH for BTC is expected to happen by the end of 2024, which fits perfectly with the historical cycle.
The analysis concludes that the current crypto markets mirror 2015 and 2017. All indicators and historical trends show that BTC is entering a phase of increased risk and rising growth potential. The movements also correlate with S&P 500 trends, which are also on a trajectory similar to 2015 – 2017. The pattern has reappeared despite rising inflation and a looming recession, leading to a similar sentiment of the same period.
So, if we consider all these details and include Bitcoin's halving plan for 2024, it becomes clear that BTC is in the same cycle it was years ago. On top of everything, gold's performance in the same period also resembles the current situation, so it's safe to say that all macroeconomic conditions are on a similar path, so we can expect a similar outcome for BTC and altcoin prices in the next year.
While the macroeconomic conditions signal a significant bull run for Bitcoin moving forward, emerging meme coin platforms like Wall Street Memes and Sonik show clear signs of explosive growth. The two platforms are in presale, and the interest among investors keeps growing by the minute. So let's see why these two cryptos should be on top of your investing priority list.
Wall Street Memes is one of the most exciting new cryptos expected to explode in late 2023 and beyond. The project is run by the world's famous Wall St. Memes Reddit community that had some massive successes in the past. Namely, the same community released the Wall St. Memes NFT collection that sold out in 30 minutes, raising over $2.5 million in 2021.
The platform is essentially a meme coin project but designed according to best industry practices. As such, it offers excellent tokenomics, a buzzing community, partnerships with leading DEX platforms, and much more planned for the future.
The $WSM token will act as the platform's utility, and there will be a total of 2 billion tokens in circulation. One billion is available in presale; 30% will go to community rewards for staking, while the remaining 20% will be used for DEX liquidity. The ongoing presale has raised $24 out of the $30.4 hard cap, so there's little time to get your $WSM tokens at a discount. Once Wall Street Memes goes live, it could explode and become one of the highest-ranked meme coins on the market.
Sonic Coin is another emerging meme coin platform with increased growth potential in the next few months. It entered presale on August 15th, raising $25k in the first few hours. The platform is inspired by SEGA's most popular video game character Sonic the Hedgehog, and its goal is to become the "fastest meme to reach a market cap of 100 million."
The platform is somewhat unique, allowing users to stake their tokens during the presale. So, instead of claiming them on release day, the tokens will stay locked for a week, giving users higher token returns. $SONIK tokens are available for only $0.000014, and while they won't be a long-term holding option, they could help you get some massive returns in the near future.
Delphi's market analysis provides some valuable insights and a ton of evidence that the entire markets go through cycles that follow the current macroeconomic situation. According to the report, BTC will likely hit a new all-time high in Q4 of 2024, which will undoubtedly positively affect all cryptocurrencies.
However, since BTC is already at $30K per token, many smaller investors turn to emerging altcoins such as Wall Street Memes and Sonik Coin, which are expected to result in potentially 100x gains or higher in the next few months. Visit the official sites to learn more about these high-growth potential altcoins, and invest today to get the highest returns down the road.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
