XNO Ultra Long-Term Support, Altcoins Time Factor & 1600% Pot.Hello my friends, in this trade-idea we will focus less on the chart and more on the potential dynamics that will play-out in the upcoming altcoins market bull-market.
XNO (Nano), is one of the older projects. It is actually pretty young because the entire cryptocurrency market is young but it is older in relation to those projects we are seeing now, which has more attention but less substance to them. Memecoins are an example. These can be quite hyped up but there is no real substance behind them.
We love cryptocurrency. We love Bitcoin and we love the altcoins market.
We love freedom of choice and love the fact that people can build, create, trade and do whatever they want with their lives and money, but some of these memecoins don't fully qualify as cryptocurrencies in the way we see cryptos; the evolution of money. Some of the latest memecoins feel and look more like avenues for speculation, which is great, or entertainment, which is also great; but we like mainly the evolution of finance, technology, money, innovation, etc.
This is just a personal preference and all is well and good with everything that props up in the market. There are many of us and the more choices the better. Each and everyone is free to gravitate toward the area of the market of their liking. Just to make clear we are not advocating for this or that.
Time Factor
We are looking at a 12 months long bull-market, mainly, in general. Variations are inevitable. The older projects can move in a certain way, the newer projects can follow a different pattern; DeFi can move in one way while Gaming and NTFs can move in another. This is something to consider. Overall, the minimum we are always considering is around 6 months of growth. Some projects will produce their full bullish market wave faster but this will be the exception and not the rule, say the entire process lasts between 120-150 days.
For Nano (XNOBTC), the 2017 bullish cycle lasted 287 days. The pair has been in a bear-market since and likely ready to turn. Volume is no longer present and thus a reversal of the trend is necessary. While the pair has been dropping for more than six years, we are still looking at a higher low. Higher lows lead to higher highs. We have no examples of how these pairs will behave in the upcoming cycles nor in any cycle. We only have the 2017 wave and no other history.
The bull-market for this and similar pairs can last 365 days or years, we don't know right now. The duration of the bearish cycle breaks all patterns. This market is really young. The market is evolving and growing rapidly, wild adoption all across; the world is growing, the internet is growing, crypto-adoption is growing. We don't know how several trillions worth of dollars will affect this section of the market, we are on the positive side though. A super-cycle or something unexpected can lead to new all-time highs.
Other altcoins bottomed in April and June this year, 2024. I mention always the year because some of these articles will be relevant next year and it will be much more easy to understand with everything clearly stated. Those that hit bottom in April, for example, have already 4 months of consolidation, that is 120 days. These pairs are some of the ones that are sure to go through 500+ days of bullish growth. So it all depends on when we start to count. The bull-run tends to happen very close for all pairs and also in two sessions. One near the first half of the year and the second close to the end of the year. That year is 2025 of course. Some altcoins can go beyond and continue rising until 2026. We will see lots of that. The market will be so big that variations will continue to abound.
There will be variations that we cannot, nor care to, predict. But they are all positive.
A negative scenario would be a bad government going against crypto in the most powerful nation in the world. This could be really detrimental. While it would not kill the market, only makes us stronger in the long-term, it can easily kill off between 30-40% of all stagnated projects. A friendly government would inject so much enthusiasm into the market that everything would have a breath of fresh air, and anything on the verge of collapse can survive. I worry about having negative forces against innovation for much longer. Again, it wouldn't kill us, but the damage can be long lasting. God please protect us.
1,600% BU (Bullish) Pot. (Potential)
How much it grows is not really relevant. We want to see the market thrive. We want to see people thrive. We want to see growth in general but there is no difference between 20X or 22X. We are happy as long as we can join in early and catch the major portion of the bullish wave. There are, and there will always be, endless opportunities for us to take.
We are here for the long-term.
And we would love for you to join us because the future is crypto, and crypto is here to stay.
Namaste.
