Lark Davis, a prominent market veteran, believes that the current bull market cycle is still in its early stages, pointing out an explosive rise in Shiba Inu as an example.
Despite Bitcoin retesting all-time highs, altcoins like Ethereum, XRP, and Shiba Inu are yet to recover losses from previous months, indicating room for potential gains in the coming bull run.
Davis emphasized that the crypto market is known for massive gains during bull seasons, citing examples like Shiba Inu's 312x increase in market cap in just 50 days during the previous bull run.
He suggested that investors should remain patient during the current market conditions, as there might be significant opportunities for gains ahead, particularly during the potential 'crazy' times in the crypto market.