Centric Swap in Relation to Bitcoin & Ethereum with Bear Markets
This is my breakdown of Centric Swap and the market's influence on how it has moved so far.
Here I display Bitcoin from the beginning of its trading on Bitstamp, along with the entirety of Ethereum, and entirety of Centric Swap.
If we look at Ethereum compared to Bitcoin, we can see a period of "Lull" in the beginning, its infancy; Volume not yet caught up to Bitcoin. Ethereum launched on July 30th 2015. I was there for it. It was right in the middle of Bitcoin's 4th major bear market. Ethereum didn't take off until right when Bitcoin broke out from Bear Marker #4. This period of establishing "sufficient" volume lasted a total of 656 days. Ethereum also grew by a large margin due to its introduction of Smart Contracts on the Ethereum Blockchain.
If we take a look at Centric Swap compared to Bitcoin and Ethereum, we will see that Centric launched in January of 2020, during bear market #5. Centric Swap started trading on Probit on July 28th, 2020. This marked the beginning of trading for Centric and the beginning of its infancy period, just like Ethereum went through. However, Centric saw its first large move in just 218 days, but took 433 days to establish "sufficient volume" for overall market influence.
Before March 2021, Centric had not yet established "sufficient" volume for growth along with the market. In April 2021, a volatile Bitcoin consolidation period started before surging to $64,000 starting in September of 2021. This saw Centric Swap booming 10x, with influence from social media hype surrounding a New CEO.
Centric Swap had established sufficient and growing volume after the Binance Smart Chain jump. Centric Swap made a good run from September 2021 until about November 2021 when Bear Market #6 hit.
Here I display Bitcoin from the beginning of its trading on Bitstamp, along with the entirety of Ethereum, and entirety of Centric Swap.
If we look at Ethereum compared to Bitcoin, we can see a period of "Lull" in the beginning, its infancy; Volume not yet caught up to Bitcoin. Ethereum launched on July 30th 2015. I was there for it. It was right in the middle of Bitcoin's 4th major bear market. Ethereum didn't take off until right when Bitcoin broke out from Bear Marker #4. This period of establishing "sufficient" volume lasted a total of 656 days. Ethereum also grew by a large margin due to its introduction of Smart Contracts on the Ethereum Blockchain.
If we take a look at Centric Swap compared to Bitcoin and Ethereum, we will see that Centric launched in January of 2020, during bear market #5. Centric Swap started trading on Probit on July 28th, 2020. This marked the beginning of trading for Centric and the beginning of its infancy period, just like Ethereum went through. However, Centric saw its first large move in just 218 days, but took 433 days to establish "sufficient volume" for overall market influence.
Before March 2021, Centric had not yet established "sufficient" volume for growth along with the market. In April 2021, a volatile Bitcoin consolidation period started before surging to $64,000 starting in September of 2021. This saw Centric Swap booming 10x, with influence from social media hype surrounding a New CEO.
Centric Swap had established sufficient and growing volume after the Binance Smart Chain jump. Centric Swap made a good run from September 2021 until about November 2021 when Bear Market #6 hit.
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