gelanoromo
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11.4 Months
The user registered on 2024-04-01, and it has been 11.4M since then.
i am from the land of orgin ethiopia
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$BTC Bitcoin at $90,000 but its high dominance , is it something to worry about or a sign that alt season is close? Let's find out.
Here's what you need to know.
The idea that altcoin season, or "alt season," can only truly start when Bitcoin's dominance declines is grounded in historical patterns observed during the past bull markets.
Bitcoin dominance refers to Bitcoin's share of the total cryptocurrency market capitalization. When Bitcoin dominance is high, it means investors are largely focusing on Bitcoin, which can crowd out investment in altcoins.
Yes, Bitcoin dominance makes it hard for altcoins (all other cryptocurrencies) to gain attention, meaning they donāt see the same price growth as Bitcoin.
Conversely, when Bitcoin's dominance starts to decline, it signals that investors are shifting their focus ( moving their funds into altcoins), which drive up the prices of other cryptos.
Knowing how volatile the crypto market is, so Bitcoin is viewed as a "safer" investment
Investors see Bitcoin as a safer bet, so they usually go into it first. But when the price slows down or hits a high point, they start looking for potentially bigger gains in altcoins. They move their funds to alt coins.
Automatically, this leads to a decrease in Bitcoin dominance, sparking an alt season.
Right now, Bitcoin is pumping, but its dominance hasnāt dropped yet, meaning people are still heavily focused on Bitcoin. Alt season may start once Bitcoin levels off. This has been a consistent pattern in past bull markets, so while we expect it to happen again, we might see altcoins take off soon after Bitcoinās dominance declines.
#BTCBreaks93k #cryptomarketcapATH #altseason #HaveYouBinanced
Here's what you need to know.
The idea that altcoin season, or "alt season," can only truly start when Bitcoin's dominance declines is grounded in historical patterns observed during the past bull markets.
Bitcoin dominance refers to Bitcoin's share of the total cryptocurrency market capitalization. When Bitcoin dominance is high, it means investors are largely focusing on Bitcoin, which can crowd out investment in altcoins.
Yes, Bitcoin dominance makes it hard for altcoins (all other cryptocurrencies) to gain attention, meaning they donāt see the same price growth as Bitcoin.
Conversely, when Bitcoin's dominance starts to decline, it signals that investors are shifting their focus ( moving their funds into altcoins), which drive up the prices of other cryptos.
Knowing how volatile the crypto market is, so Bitcoin is viewed as a "safer" investment
Investors see Bitcoin as a safer bet, so they usually go into it first. But when the price slows down or hits a high point, they start looking for potentially bigger gains in altcoins. They move their funds to alt coins.
Automatically, this leads to a decrease in Bitcoin dominance, sparking an alt season.
Right now, Bitcoin is pumping, but its dominance hasnāt dropped yet, meaning people are still heavily focused on Bitcoin. Alt season may start once Bitcoin levels off. This has been a consistent pattern in past bull markets, so while we expect it to happen again, we might see altcoins take off soon after Bitcoinās dominance declines.
#BTCBreaks93k #cryptomarketcapATH #altseason #HaveYouBinanced
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