This visual representation provides a clearer understanding | Psimoocrypto on Binance Square

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This visual representation provides a clearer understanding of the bitcoin dominance cycle and how it affects altcoins.$BTC $ETH $SOL 

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$BTC Bitcoin has been around for over a decade and its growth has been incredible As of December 1 2024 Bitcoins market cap stands at around $1.93 trillion with a price near $96,000 per coin These numbers show Bitcoins dominance in the cryptocurrency market Some people are still calling for Bitcoin to hit $1 million per coin but let's be realistic here For BTC to reach that price its market cap would exceed $21 trillion which isn't feasible given current market conditions and adoption rates Bitcoin remains the leading cryptocurrency due to its security network effect and store of value characteristics However its scalability transaction speed and energy consumption are areas where it faces challenges compared to newer blockchains like Ethereum Solana and others These blockchains offer faster transactions and better scalability which are crucial for mass adoption and real world use cases If you're holding Bitcoin its still a solid investment but the best returns might come from diversifying into altcoins that offer more advanced technology and solutions for the future Stick with Bitcoin for the long term hedge but don't overlook the potential of $ETH $SOL and others

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Altcoins are turning up the heat ahead of the 2024-2025 mega Altseason! Buckle up, folks—it's about to get wild! 🌋 $BNB $SOL

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🚨 BREAKING NEWS 🚨 Alts are stretching their legs like it's leg day! We’ve got a MACD bullish crossover in the house, folks! This magical moment last appeared in 2016, 2020, and now, 2024! Get your popcorn ready —looks like #AltSeasonComing son is about to get spicy! $SOL

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With the #AltcoinSeasonIndex at just 15/100, it’s still Bitcoin’s game for now. Altcoins may underperform, so focusing on BTC or stablecoins could be a safer play. #BitcoinDominance

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