World Boxer Tyson Fury Tweet Coin Meme Floki Inu

The meme coin, Floki Inu (FLOKI), continues to carry out marketing strategies with quite aggressive advertising campaigns. A well-known name trying to promote Floki Inu is World Heavyweight Boxing Champion, Tyson Fury. Fury made a tweet that made investors Floki Inu (FLOKI) happy too. The famous boxer shared a statement via video on his personal Twitter.

Tyson Fury: “See you in Valhalla”

Floki Inu continues to build strong partnerships every day, including with the famous boxer, Tyson Furry. Via his Twitter he said:

“You should take my word for it. Wait to see Floki’s next surprising move. The crypto market needs a solid project like Floki Inu (FLOKI). I’m excited to be a Viking with Floki Inu. See you in Valhalla.”

The fact that the Floki Inu team reaches out to an athlete with millions of fans around the world, like Tyson Fury, suggests Fury is already in the market for Floki Inu. But Tyson Fury’s tweet, apparently the subject of ridicule from several other twitter users, who is seen frequently looking at the paper in his hands, did not go unnoticed in the video praising Floki Inu.

Not wanting to lag behind its predecessors, Dogecoin and Shiba Inu, the meme coin Floki Inu (FLOKI) has also carried out quite aggressive advertising in recent months. The Floki Inu team managed to sign contracts with German football club, Bayern Leverkusen and Italian football team, Napoli. Both teams, which have millions of spectators around the world, will from now on carry the Floki logo and the Floki Inu website address on their jerseys. Likewise, the Floki Inu advertisement poster was also displayed at the London Underground station, England.

ETH (Ethereum) Has the Highest BullRun Potential?

Leading crypto analyst Nicholas Merten confirmed that Ethereum is preparing for a massive “rally” against the mighty Bitcoin (BTC), which he said after Ethereum exited its accumulation phase and reached its highest level in the cryptocurrency market since May 2018.

“It’s very bullish. You should be able to look at this chart and watch for this kind of technical pattern, the first super early breakout here in price after having had several higher lows and highs, coming out of its accumulation phase. This is a very bullish chart” he comments when explaining the ETH chart on his personal youtube.

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This is not to say that ethereum will hit $20,000 “overnight”. However, he explained that the altcoins’ overall dominance in the digital asset market today, could mark a new all-time high (ETH) next month, four years after the previous high that hit January 2018.

Nicholas insists that only “time will tell” that ethereum will be able to beat bitcoin and that the likelihood of that happening is becoming “more likely.”

The second largest crypto asset in the world, by market capitalization, has a total value of more than $524 billion and is trading at a value of $4,424. On November 10, ethereum hit an all-time high: $4,878.26 (CoinGecko).

Get to know Crypto Winter and the difference with Altcoin Season

Co-founder and former CEO of crypto exchange BTCC, Bobby Lee, explained that the crypto asset Bitcoin tends to have a four-year cycle with a big spike in 2013, 2017, and the next crypto winter phenomenon is expected this year.

Lee also explained that Bitcoin is likely to reach a value of 300 thousand US dollars or equivalent to Rp. 4.2 billion (assuming an exchange rate of Rp. 14,323) by the end of this year. However, if you follow a four-year cycle scheme. So, after a big spike occurs it is estimated that the value of Bitcoin will fall again.

But regardless of the experts’ estimates, let’s first identify what crypto winter is so that new investors or traders can be aware of its presence.

What is Crypto Winter?

Quoted from Zipmex, a crypto asset trading platform, crypto winter is a phenomenon that occurs when the value of a crypto asset drops drastically below the normal bullish trend value.

The last crypto winter occurred in 2018, which resulted in the value of one of Bitcoin’s leading assets falling drastically. Bitcoin price suffered a crash of more than 70 percent. In fact, its value will not go down in just one day. However, this also causes the price of Bitcoin to stagnate and will tend to continue to decline.

This uncertain condition occurred until April 2019. According to CNBC Indonesia, crypto winter could occur if the value of an asset such as Bitcoin decreased to the level of 20 thousand US dollars.

Difference between Altcoin Season and Crypto Winter

For those who don’t know the difference between the two, the crypto winter is often confused with the Altcoin season phenomenon. Although both are phenomena of asset price conditions in the market, they both have significant differences.

Crypto winter is a condition in which assets, including Bitcoin, experience a drastic drop below their general bullish value. Normally, when this phenomenon occurs in the crypto market, the overall asset price will collapse and it is difficult to recover in the long term.

Meanwhile, Altcoin season is a crypto condition where most of the prices have surged except for Bitcoin. In short, Altcoin season is when 75 percent of the 50 Altcoins managed to outperform the Bitcoin market cap over the last 90 days.