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The crypto bull market in 2017 lasted for around 500 days and it was mostly driven by retail investors, computer guys, geeks, easy money chasers and lucky teenagers playing games online. It took BTC from a mere $1,000 to $20,000 in less than a year and the altcoins have had their massive rallies no matter the value each project held.

This bull market will be no different... says someone who missed the previous one and ended up actually loosing money instead of making some in those days. Over time I threw a few price predictions on this blog for the price peaks of the bull market and not too many resonated with them, some were even calling them outrageous.

Well, lets see some outrageous numbers from 2017, shall we. Before that, I will mention though that I consider the halving as the event triggering a bull market and will also add that my take is that this bull market will last pretty much as long as the previous one, hence we can say that peaks should be expected sometime by the end of the year.

I will also mention that in my opinion people seem to be still in disbelief from a psychology point of view and can't imagine outrageous numbers even for great projects such as ETH. It's just a phase and shifts will hit us all hard. If history is to repeat itself then you'll get to the conclusion that my numbers are not exaggerated at all.

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First one that I want to look at is ETH. ETH was valued at around $12 by the end of February 2017 and it peaked less than one year later at around $1,400. That's over 100x spike for the 2017 bull market. Considering a $1,300 average for the price of ETH for the beginning of 2021, a 100x would put it at $130,000. Will it be valued at that by EOY? I doubt that honestly, but if it managed to do a 100x in 2017, why wouldn't it do at least a 10x from where it's at in 2021.

Lets take some shitcoins in this comparison game, shall we, and my favorite one is NXT, because I lost a lot of money with it. NXT was up until April 2017 valued at less than 2 cents and it peaked on December 24 2017, I still remember that date, at around $2. That's another 100x that we've had as an outstanding potential and price growth in 2017.

Another loved one by the crypto community that made investors a lot of money in 2017 with its unbelievable spike and fanatics around it, is XRP. XRP was less than a cent on March 22nd, 2017, and it skyrocketed, like literally skyrocketed to a $3,6 on January 2018. Over 300x people...

Does that mean all of the above will replicate their 2017 price growth in 2021? Definitely not, but considering at least a 10x from where we at for most of them is highly doable. Some DEFI ones, as DEFI seems to be the blast in 2021, will probably do way better than 10x. I am 100% sure of that. So why are my numbers outrageous?... They're actually not. Let me ask you another question: how many of you have even imagined a $42,000 BTC by the end of 2020? I'd say no one has done that back in March 2020.

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Don't get me wrong, wishful thinking won't make anyone money in this market, but having a look at the history of price performances in crypto and try to at least envision how this current cycle will be like, will make some of my price targets quite achievable. Add the exponential growth that crypto is been proving to be capable of for quite a while and you'll realize this bull market is going to be epic.

I would also like to add that not all will pop at once, the capital actually flowing from one to another, so the idea that tens of trillions would be necessary to blow all of them up just to reach these price levels is not actually correct. Look how DOGE got itself a 10x in a matter of days and we just crossed one trillion. I don't know how high the total market capitalization for crypto will be at its peak, but I'd say at least $5 trillion.

I would also add that retail will still play an important role in pumping prices in 2021, and the recent events with the WSB are living proof of my saying. The financial institutions have indeed ignited the rally, but retail will weigh heavy this cycle as well. It's just that they're always late to the party. The world crisis in which we find ourselves atm will play a positive role for this growth.

I know it probably doesn't make sense, but let me tell you one thing: the poor ones are always more inclined to bet their money on something that looks so promising and outrageous in potential just for the hope of getting out of misery with class, than the rich ones are. Unemployment all over the world will for sure push people towards searching alternatives of making money. Some will probably end up lose more than they can imagine, but that's the natural selection of this market.

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PayPal Says Users Who Buy Crypto More Likely to Return and that's just one major gate into betting on crypto for individuals like you and I. You have exchanges that have seen their onboarding traffic exploding in this retail mania that was somehow triggered by these WSB lately and we can say that gaining exposure to crypto is way easier now than what it was like in 2017, VISA announcing recently also that it's getting in crypto.

2021 will be epic, I'm sure of that, and looking at 2017 market growth I find it impossible to not envision some of the cryptocurrency listed on the exchanges right now scoring at least a 10x from where they at. I know, in the case of many, it seems such a steep slope to climb for that 10x, but don't underestimate FOMO and mania and trust me we haven't seen that yet. BTC has got to $42,000 and we were all sort of quiet about the event.

I believe people involved in crypto in 2017 were expecting $2,000 BTC at the beginning of that year, but who has envisioned a $20,000 by the end of that year? Maybe that Greek guy that @mindtrap met a few days ago who bought BTC at $2,000 in 2017, to sell it at $16,000, just to buy back at $5,000 in 2020. This being one of the simplest ways of investing in crypto that I am aware of.

I still believe the bull market is young, the mania phase is not near us yet and $15,000 ETH, $200,000 BTC, $10 LEO, $1,500 LTC, $50 RUNE etc etc are not unrealistic targets. If you find all of these hard to believe, swipe left and have a look at history, have a look at what the world's heading towards and what the technological and economical tendencies are and you won't find such prices targets unrealistic anymore.

Have a great day people, hold tight on this ride and get mentally prepared. It's going to be epic.

Thanks for attention,
Adrian

Posted Using LeoFinance Beta



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Man, it is really hard to believe that ETH was ever down in the $12 range. Not that long ago either! So many missed opportunities!

Posted Using LeoFinance Beta

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