Total 3 is a chart of the entire market cap of crypto excluding BTC and ETH. It is a decent measure of the altcoin market as a whole.
It shows an interesting picture for altcoins. While Bitcoin made a new all time high, it is very clear that ETF money does not trickle down into the rest of the crypto market. Total 3 is barely over 50% of the all time high from 2021, when it reached $1.131T. It is currently at $597.2T.
Bears will tell you that altcoins are dead. Bulls will tell you that a massive altseason is inevitable.
It is up to you to choose, but it is clear that alts have a lot of catching up to do.
It shows an interesting picture for altcoins. While Bitcoin made a new all time high, it is very clear that ETF money does not trickle down into the rest of the crypto market. Total 3 is barely over 50% of the all time high from 2021, when it reached $1.131T. It is currently at $597.2T.
Bears will tell you that altcoins are dead. Bulls will tell you that a massive altseason is inevitable.
It is up to you to choose, but it is clear that alts have a lot of catching up to do.
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info@thewolfoallstreets.io
Disclaimer
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.