After breaking its peak of 20,000 US dollars in the 2017 bull market, Bitcoin has successively set new highs of 25,000, 30,000, and 34,000, making people in the currency circle really excited, and also This has made more people full of infinite longing for the future of Bitcoin in this bull market.

Bitcoin successfully realized the carp jumping over the dragon's gate

To be honest, originally Bitcoin was still the Bitcoin invented by Satoshi Nakamoto. However, at this time, Bitcoin was in the eyes of more people. , as if it had been reborn in an instant. During the period between the end of 2020 and the beginning of 2021, its value was affirmed and "life" was sublimated.

Faced with such a situation, I can’t help but think of a poem by the poet Li Bai called "One of Two Poems for Cui Shilang":

In this poem, Li Bai is Using the carp in the Yellow River as a metaphor expresses the enthusiasm for officials and the depression of not being able to appreciate talents. The carp mentioned in this poem is also the carp in the "Carp Jumps over the Dragon Gate" that we have heard before.

The carp in "Carp Jumps over the Dragon Gate" endured the severe pain caused by its tail being burned by the fire, tried its best to jump to the high dragon gate, and finally successfully jumped over the dragon gate. Later, this ordinary fish in the Yellow River turned into a divine dragon in the sky, surpassing himself and gaining recognition from those around him.

Returning to the currency circle, is today’s Bitcoin like the carp in the Yellow River that has jumped over the dragon’s gate and successfully counterattacked?

If we count from the time Satoshi Nakamoto released the Bitcoin white paper in 2008, Bitcoin has a history of 13 years now. In the past thirteen years, Bitcoin supporters have been doubted, ridiculed, and ridiculed by countless people, and Bitcoin has experienced several death journeys.

Today, Bitcoin has experienced three major tests in a four-year currency market cycle. In each major cycle, the price of Bitcoin has also achieved the highest price in the previous cycle. Breakthroughs and transcendences have resulted in Bitcoin in 2020 finally becoming the carp that jumped over the dragon gate - stepping out of the small currency circle and entering mainstream society, and gaining more and more widespread recognition in mainstream society. .

From this point of view, for a currency in the currency market to be recognized by mainstream society like Bitcoin, it must first be able to achieve breakthroughs and surpass its previous highest price.

Then, after Bitcoin breaks through the highest price of the last bull market and repeatedly sets its own new highs, which currency can first achieve the "carp jumping through the dragon's gate" in currency price that surpasses the peak of the previous bull market? What about your small goals?

Who can surpass themselves first after Bitcoin

To surpass the highest price of the last bull market, the range of currencies refers to the coins that existed in the last bull market. New coins are outside the scope of this discussion.

Judging from this long-term market situation, among the currencies in the entire currency market that have survived from the last bull market to the present, EHT (Ethereum), LTC (Litecoin), GODE (Dogecoin) The performance of these three currencies is undoubtedly the most eye-catching currency.

Next, let’s take a look at which coin can be the first to break through its highest price in the last bull market and achieve self-transcendence first.

Let’s first talk about Dogecoin, which had the largest increase on December 28. I wrote an article about this coin before and said that it can be said to be a very down-to-earth old coin. Therefore, its mass base is relatively good, and it is possible that one sentence from a big Twitter V can drive up the market.

On December 28, the price increase between the lowest and the highest was more than three times, and the highest price reached more than 8 cents. It even gives people the feeling that it will soon break through the high of 0.15 yuan in the last bull market.

However, this currency still has not broken through the highest price of the last bull market to this day, and I don’t think it will break through at once. Because this coin is a typical altcoin. Among all altcoins, the market trend seems to have been unable to escape this law: they do not have enough endurance to keep the market rising.

Because of this, I personally believe that it is unlikely that Dogecoin will break through the previous bull market peak in the short term.

Of course, if it can break through the highest price of the last bull market in the short term, I think it will also be a good thing for the entire currency market, because it means that the market for altcoins will be even better this year. It's worth looking forward to.

Let’s talk about Litecoin and Ethereum. The highest prices of these two coins in the last bull market occurred when Litecoin was first and Ethereum was later. Litecoin reached its highest price of the year on December 19, 2017, the day after Bitcoin reached its highest price, while Bitcoin did not reach its peak price until January 13, 2018. The price peak of the year was reached. It even lags behind Dogecoin in terms of time.

The reason for this situation has a lot to do with the release time of these two coins and the popularity they gained in the currency circle at that time. Litecoin happened on November 9, 2011, and Ethereum on July 24, 2014. The huge gap in issuance time naturally meant that the two coins could not be viewed equally in the minds of most ordinary currency residents in 2017.

This year, after Ethereum has been tested by the last bull market and baptized by the long bear market after 2018, its on-chain ecology has achieved good development, especially the rise of defi, which has made it The market value of Ethereum has been further strengthened in the currency circle, which has allowed Ethereum's market value to be ahead of Litecoin for a long time.

In addition, many institutions that recognize Bitcoin now will also conduct some research on currencies in the currency market, and their preference for Ethereum is slightly higher than that of Litecoin. Less than.

Let’s look at the gap between the current prices of the two coins and their highest prices in the last bull market.

The highest price that Ethereum has seen this year is RMB 7,452.48. The highest price in the last bull market was RMB 9,258.69, a difference of 1,806.21, which means that it only needs to rise 24.24% based on this price to catch up. Leveling the peak of the previous bull market.

And what about Litecoin? The peak of the last bull market was RMB 2,425.09, and the highest price this year was 1,122.51. The difference between the two is 1,302.58 yuan. In other words, Litecoin will rise another 116.04% based on the highest price this year.

Of these two coins, one only needs to rise by 24.24% to reach the peak of the last bull market, while the other needs to rise by 116.04%. Comparing the two, who do you think will have it easier?

What's more, judging from the current market sentiment, there are obviously many people who value Ethereum. Therefore, I think that among the three currencies that are currently performing more eye-catchingly, Ethereum should be the successor. It is only right that another currency after Bitcoin breaks the peak of its last bull market.