Cryptos are in the middle of rally, excitement and wariness are in the air

As cryptocurrencies are in the middle of a rally these days, the market is waiting excitedly (or warily) on whether or not it will continue and how far it will go.

Many crypto experts and public figures can be seen of posting related-tweets on their Twitter accounts. British crypto entrepreneur, Phillip Nunn wonders if the history will repeat in the crypto market.

“$BTC took 45 days to hit $20,000 after it first tested $6,900. Will history repeat? #bitcoin,”asked the Wealth Chain Capital CEO.

Since it’s a Yes-No question, the answers will only fall between those options. It’s the “explanation”, however, that makes the comments interesting.

“Hope so! Cash out quick, then buy again when it dumps. Instead the next time i buy the dump, I'll be retired and sipping a mai tai. 😂🤣😅,” said user Earthwalker.

Others express their expectation by saying things like, “I hope not. Slow and steady wins the race” or “Road to 10k then correction 7k then pump again to 50k-60k 🚀🚀🚀🚀🚀🚀🚀.”

In the meantime, Fundstrat analyst, Thomas Lee made a poll on when will the market see FOMO (fear of missing out).

“At what price do we see FOMO?” the poll asked. As of writing time, 4,072 Twitter users have casted their votes, 32% of which think it will be at $20K, 24% of which say “Now!!!”, while the majority (44%) believe it will happen when Bitcoin hits $10,000.

Lee himself thinks it will also happen at $10,000 as he said, “My SWAG (scientific wild-assed guess) is $10,000 is price that causes FOMO from those who saw #bitcoin as dead forever.”