In the fast-paced world of crypto, few voices cut through the noise like CredibleCrypto. His recent thread on X has sparked a lot of buzz, especially among those eyeing altcoins and meme tokens. If you've been wondering whether a Bitcoin dip could spell doom for your portfolio, this breakdown might just ease your mind. Let's unpack what he said and why it matters for today's market.
CredibleCrypto was responding to a question about what happens if Bitcoin confirms a top by breaking below $74K. His take? Alt season – that exciting period when alternative cryptocurrencies outperform Bitcoin – could kick off sooner than expected. He emphasizes that the biggest alt runs historically happen after Bitcoin peaks, not before. To back this up, he draws a direct parallel to the 2017 cycle.
Looking back at 2017, Bitcoin hit its high of around $20K in mid-December. But it wasn't until after a sharp 50% correction down to $10K that the real altcoin magic happened. From there, the total alt market cap (excluding Bitcoin) jumped from about $170 billion to nearly $500 billion – that's a whopping 3x gain and new all-time highs for many coins. CredibleCrypto shared this chart to illustrate the point:
The top chart shows Bitcoin's price action, with the green line marking the peak and the red line the 50% drop. The bottom one tracks the alt market cap, exploding right after that correction. It's a reminder that patience pays off in crypto.
Fast-forward to now, and CredibleCrypto is playing devil's advocate. Even if Bitcoin has topped (which he doesn't expect), he's not dumping his alts. Why? Because history suggests the greatest alt season of the decade is still ahead, potentially even if Bitcoin corrects hard first. This is huge for meme token enthusiasts – think coins like Dogecoin or newer ones riding viral waves. Meme tokens often thrive in alt seasons due to their speculative appeal and community hype, amplifying gains when liquidity shifts from Bitcoin.
Of course, crypto is unpredictable, and this isn't financial advice. But CredibleCrypto's perspective highlights how market cycles repeat patterns. If Bitcoin does dip, it might just be the setup for alts to shine. For more details, check out the original thread on X.
At Meme Insider, we're all about keeping you ahead in the meme token game. Insights like this help blockchain practitioners spot opportunities in the chaos. Stay tuned for more updates on trending tokens and market shifts. What do you think – ready for alt season?