In the game about #Crypto, Bitcoin is what makes you know and leads you to step into the house's casino, but Bitcoin is not the most interesting and seductive part of this virtual but real world. Altcoin is the real thing. is the most delicious, fresh, sweet and beautiful piece of cake that the casino owner wants to introduce to you at the end and it is located at the end of the journey and is cleverly placed in a mouse trap sparkling with gold and precious gems that Everyone wants to buy as soon as they think they have a chance.
Let's look back at past statistics:
2019~2021 cycle: BTC x19 times, ETH x52, BNB x133, SOL x1081...
Chu kỳ 2022~nay: BTC x5 lần, ETH x4, BNB, BNB x3, SOL x9...
These are just the popular Altcoins and are in the top 10 capitalizations, not to mention the small-cap alts that are driven x(n) times. Have you confirmed the flowery introduction to Alt above?
But all of that just means that this Alt season cycle has not happened yet when BTC is still a more profitable line than Alt. This is good news.
We will go deeper into PTKT with the focus on "when will ALT fly?"
Figure 1: This is BTC.D or also known as DOM BTC - it is the capitalization of BTC/total market capital (including BTC and ALT billion). Or roughly understood, it is the % of BTC value on the table.
There are truths that must be affirmed to be true for argument:
1- The crypto market is increasingly expanding over time in both capitalization and altcoin types. More and more money is being poured into this market, and after having an ETF, that becomes even more fundamental. In addition, every year 100s of altcoins go underground and no one remembers their names, but every year there are also 1000s of new coins created and listed from both junk and top exchanges.
2- BTC DOM will gradually decrease over time, meaning the % of BTC capitalization will gradually get smaller, the % of Alt capitalization will gradually increase, but not every day, but every few years.
In the early days, BTC almost occupied the entire capitalization at that time, there were only a few ALTs such as ETH, BCH, LTC, gradually become smaller.
In Figure 1 we have the red trend which is the decreasing trend of DOM, the current price is near the trend and also the gray resistance I drew before.
In terms of time factor, the previous cycle had an uptrend of 28 months and a downtrend of 19 months, currently this cycle has an uptrend of 28 months!!!And if a downtrend begins, BTC capitalization will enter the phase If it decreases, it means it's Altcoin season, money will flow into every corner of the market and with 56% of BTC cash flow, only 20% + new cash flow will be added, then Alt will fly everywhere like the previous cycle.
It sounds really interesting, but you're still skeptical, right? Let's wait and see part 2
If you have read this far then you care about Alt. Please give me a like so I know you like it and continue to bring you the next interesting and valuable parts
