1. Ripple is an old coin, lacking hype and any supportive applications. Many say it can be used for payments like Bitcoin, but the question is, are you willing to exchange Bitcoin for XRP?
2. I heard that Ripple's internal personnel were arrested on Friday? I don't know if this news is reliable, but after spreading in the community and on the plaza, people tend to believe negative news more willingly;
3. The historical peak is around 1.9 USD, and this group of people will definitely not sell at that point. Before Ethereum breaks new highs, what basis does Ripple have to break out first? Is it because its physical attributes are longer and harder?
4. The market capitalization is already very high, a sudden double-digit increase would require market makers to take a break;
5. Most importantly, the so-called positive news does not have the necessity for prolonged hype, as it has already surged a few days ago. This time, it is likely orchestrated by the market makers.
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🚀 Here’s why the crypto Altseason could start tomorrow💀
While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday.
This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high.
Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X.
An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” analysis, given its market size and relevance.
In summary, trading experts and crypto investors expect mid-to-low-caps to outperform the leaders, better distributing the capital among all cryptocurrencies.
🔸 The altcoins season (altseason) is starting On TechDev’s insight, the Bitcoin and crypto analyst pointed out a pattern that dates back to March 2017. According to him, the last two altseasons started after three consecutive weekly closes above the last Bitcoin weekly high.
This pattern is in play right now, with the third consecutive week to close tomorrow, Sunday night, starting on Monday. Therefore, this week could be a key period for what some experts are labeling “utility altcoins,” with high growth potential.
Notably, TechDev crossed over the Bitcoin Dominance Index (BTC.D) with Bitcoin’s weekly chart, illustrating the start of the altseason.
In this context, some altcoins have already started surging, leading the way for other cryptocurrencies. Solana (SOL), Ripple (XRP), Cardano (ADA), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Sui Network (SUI) are some of them, outperforming other projects in the past few days as money starts rotating from Bitcoin and Ethereum to lower caps. #BTCBreaks100K? #ADAHits1USDT #ETHPriceSurge