Cats have never historically matched dogs in market cap in crypto. It seems very likely that this will be the first cycle where cats will come close to it. Short term it seems everyone is bullish on trump inauguration day and that is certainly a crowded trade, but long term, not enough people have conviction to hold memes with size which makes that not a crowded trade. Crypto has largely (not entirely) been speculation since day one and memes are the ultimate form of the speculative spirit of this industry. Memes gud. Up only. Good luck :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.