North Korean hackers. Your seed phrase accidentally being thrown out. IRS, DOJ or SEC. The exchanges forcing you to communicate with their customer service departments.
Those would certainly be the most terrifying cryptomonsters. But there is no scarier thought than that of the market having peaked and not securing wealth for future generations.
The search for signals is on. There are hints that it’s time to move on for the next four years.
Trump’s idiotically successful memecoin is an excellent candidate. Most importantly, bitcoin reached a new high during his inauguration. Was it the peak?
If crypto were like in 2021, it would be easier to come to an agreement. Back then, in the midst of the monster bull run, there were really only two memecoins — dogecoin and shiba inu — and both hit enormous peaks along with bitcoin.
But DOGE and SHIB did not peak together. It’s obvious that they rotated between each other.
Between January 2021 and May 2021 the market capitalization of DOGE (in blue) jumped from $1 billion to $80 billion, while bitcoin, in red, rose from $20,000 up to $64,000.
Then, it drained away as bitcoin corrected. However, the market cap never returned to its original size. SHIB (in purple) shined instead, rallying from $3 billion market cap to almost $40 billion between September and the end of October — matching bitcoin’s rally almost exactly.
In retrospect, it is clear that the Great Dog Coin Rotation signal was the top one for this cycle.
The difference is much more difficult to discern this time.
In 2021 memecoins peaked alongside bitcoin. Maybe a big rally of memecoins will mark the end by 2025.
Except, there are just so many new launches — FARTCOIN, GOAT, AI16Z, PENGU, SPX and now TRUMP — making it difficult to spot an actual top for memecoins overall.
Another peak or correction is created by the previous one. DOGE-SHIB Rotation on Steroids
For bears it might seem like playing musical chairs. To the bulls it may sound perfect.
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