Comparison of 2017 vs 2020 Bull run on BTC and ETH - GreenCrypto
Hello All,
As we again seeing New ATH of the Bitcoins again and again let's see how 2020s bull run differs from 2017 bull and what the similarity and difference between them.
Above charts shows simple and and clear visualisation of how price of the two Major cryptocurrency BTC and ETH moved during 2017 bull run and how it is moving in current 2020 bull run. On the first look the major difference that wee see is when the price the price of the two coins started moving up with respect to other coin. When the bull run started in 2017 BTC price started moving up gradually while ETH slowly started recovering, when BTC hit near 20K ATH , ETH was just up around 100% compared to October price. Once BTC hit near 20K ATH it gradually started dropping which gave a good ETH as people started looking alternative to bitcoin , ETH started its run after that and hit 1400+ nearly a month after BTC hit near 20K ATH . so there was 1 month delay between ETH ATH from BTC ATH . Similar if you see 2020 bull run unlike 2017 ETH started moving up along with the BTC . Even though ETH did not hit new ATH , it is close to hitting new ATH .
This brings up the important that everyone has, whether ETH will continue moving upward once BTC starts dropping just like 2017 or will ETH drop along with the BTC . Only time can tell what will happen, however based on my experience i expect ETH to continue its rally even if BTC starts dropping , major reason being in 2020 lot of money got pumped into BTC which pushed BTC market cap to double of 2017, however for ETH the market-cap did not cross 2017 value and another reason being everyone is waiting alt season and emotion plays a big role in markets, once BTC starts dropping people start pumping money into Alts and which will push alts to new ATH .
Similarities between 2017 and 2020:
- Bull run started in November month
- BTC is the first coin to start pushing New ATH
- BTC broke its new ATH multiple times
Difference:
- ETH is following BTC rally instead of starting its only price rally
- Alts are not breaks it's new ATH
- No major money inflow to ALTs
Based 2017 bull run we can assume that this bull run will come to a halt on end of march but lets wait and see what new 2020 bull brings.
Thanks.
GreenCrypto
As we again seeing New ATH of the Bitcoins again and again let's see how 2020s bull run differs from 2017 bull and what the similarity and difference between them.
Above charts shows simple and and clear visualisation of how price of the two Major cryptocurrency BTC and ETH moved during 2017 bull run and how it is moving in current 2020 bull run. On the first look the major difference that wee see is when the price the price of the two coins started moving up with respect to other coin. When the bull run started in 2017 BTC price started moving up gradually while ETH slowly started recovering, when BTC hit near 20K ATH , ETH was just up around 100% compared to October price. Once BTC hit near 20K ATH it gradually started dropping which gave a good ETH as people started looking alternative to bitcoin , ETH started its run after that and hit 1400+ nearly a month after BTC hit near 20K ATH . so there was 1 month delay between ETH ATH from BTC ATH . Similar if you see 2020 bull run unlike 2017 ETH started moving up along with the BTC . Even though ETH did not hit new ATH , it is close to hitting new ATH .
This brings up the important that everyone has, whether ETH will continue moving upward once BTC starts dropping just like 2017 or will ETH drop along with the BTC . Only time can tell what will happen, however based on my experience i expect ETH to continue its rally even if BTC starts dropping , major reason being in 2020 lot of money got pumped into BTC which pushed BTC market cap to double of 2017, however for ETH the market-cap did not cross 2017 value and another reason being everyone is waiting alt season and emotion plays a big role in markets, once BTC starts dropping people start pumping money into Alts and which will push alts to new ATH .
Similarities between 2017 and 2020:
- Bull run started in November month
- BTC is the first coin to start pushing New ATH
- BTC broke its new ATH multiple times
Difference:
- ETH is following BTC rally instead of starting its only price rally
- Alts are not breaks it's new ATH
- No major money inflow to ALTs
Based 2017 bull run we can assume that this bull run will come to a halt on end of march but lets wait and see what new 2020 bull brings.
Thanks.
GreenCrypto
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