The article discusses the idea of identifying top signals in the crypto market to determine if the bull market has peaked. It mentions Trump's successful memecoin launch and bitcoin's new all-time high as a potential indication of a market top. However, the article points out that in the previous cycle, the rotation between dogecoin and shiba inu was a more obvious top signal. The current market is more challenging to predict due to the numerous new memecoin launches. The article concludes that some see it as a risky game of musical chairs, while others view it favorably.
Content Editor ( blockworks.co )
- 2025-01-23
Why top signals could be less obvious this cycle
