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by magnamerc
2424 days ago
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Yes I remember this as well, but the real rally was from 1.2k to 10k from January to November. I do remember the spike from 10k to 20k in December, and it did seem very unnatural to me, but it could have also partly been due to euphoria. ICO mania really started in April, and the ETH/BTC ratio rose to its ATH in June/July. This drove a ton of hype into cryptocurrencies, and naturally every single crypto rose spectacularly. BTC would have never gotten to 10k if it wasn't for the ICO mania of Summer 2017, IMO. |
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