While things have not been the same since 2017, the cryptocurrency market seems set to have an epic surge. The reason for this is because the markets are evolving. We no longer have the nerdy playful way of internal problems, but rather a mature and balanced approach to things.
As such, we will have a bullfight, but not in the way everyone expects. We must take into account the fact that cryptocurrencies are not what they used to be. The age of the initial coin offering (ICO) model seems to be over. The Initial Exchange Offering (IEO) model appears to be struggling, but it will get there.
The altcoin space continues to breed dilemmas. Many people within the crypto space still don't understand some of the concepts behind the key projects. This is why the new big bullish phase is yet to come.
Once understanding begins to establish, we will see an increase in the total market capitalization of cryptocurrencies. That is why Bitcoin's dominance is skyrocketing higher. Few people really understand what altcoins are all about. Therefore, we have dominance and there is no giant bullfight.
The bullfight this time could be in successive phases over time. We will also have to deal with government regulations now that the cryptocurrency market has caught everyone's attention. Governments still don't understand how to deal with the wonderful world of cryptocurrencies.
Hard forks will bring innovation for older projects as new projects with newer technologies also come on the scene. Capital flows from all sides will start to flow into the cryptocurrency market and remain there. This time, there will be many ways to collect assets without having any problem leaving the ecosystem. The new bullfight will be a mix of old and new cryptocurrency projects. There are new ways to maintain capital within the cryptocurrency market.
This would draw the attention of other investors and almost everyone. So the new question everyone would ask is if there is any space left intact. So Goldrush will start, but with higher amounts of capital and slower momentum this time.