An upcoming rise in alternative currencies, hold on and get involved in the acquisition 🛫 🟢🟢
(Don't miss anything new about the currency market, subscribe to the channel and activate the bell button, and don't forget to like to support us and follow the latest analyses and recommendations first) ❤️❤️👍🏻.
An upcoming rise in alternative currencies, hold on and get involved in the acquisition 🛫 🟢🟢
(Don't miss anything new about the currency market, subscribe to the channel and activate the bell button, and don't forget to like to support us and follow the latest analyses and recommendations first) ❤️❤️👍🏻.
Under the current dominance of Bitcoin, which stands at 61.44%, alternative cryptocurrencies (altcoins) are likely to remain in a stagnation phase until Bitcoin either stabilizes or experiences a price correction. Historically, altcoins begin to rise during the “Altcoin Season” when Bitcoin’s dominance decreases or its price stops its rapid ascent. This shift often occurs after events like halving or changes in market conditions, such as increasing institutional interest in altcoins.
Why are altcoins frozen despite Bitcoin soaring?📈👇🏻
First, don't forget to subscribe to the channel to receive all that is new 🤍👇🏻. The rise of altcoins largely depends on the market cycle and Bitcoin’s takeover. Currently, with Bitcoin’s takeover reaching 61.44%, altcoins are struggling to make a strong rise. However, there are expectations for their recovery in the future according to some of the following scenarios:
Bitcoin currently has a market cap of 61.44%, its highest level since February 2021. This ratio means that more than half of the total value of the cryptocurrency market is held by Bitcoin. This rise is attributed to investors’ confidence in it as a major digital asset, in addition to its increased use as a store of value amid global economic instability.
Bitcoin Levels:
Bitcoin is currently trading at around $97,000, with a strong upward trend.
Major support is near the $91,000 level, with higher resistances that could lead to new levels.
This dominance reinforces Bitcoin’s position as the most stable and reliable cryptocurrency, making it the top destination for investors and institutions.
“For the latest news and analysis on the crypto market, follow our account. We provide you with accurate updates and valuable tips to always stay up to date with everything new in this rapidly changing field. Don’t miss the opportunity to stay on top!”
“Bitcoin Acquisition: The Key to Controlling the Future of Altcoins” 🧭
What is Bitcoin acquisition?
Bitcoin Dominance refers to the percentage of Bitcoin's market cap compared to the total cryptocurrency market cap. For example, if the total cryptocurrency market cap is $1 trillion, and Bitcoin alone represents $500 billion, then the dominance percentage is 50%.
**Discover the Secrets of Trading with Gann Techniques: Profiting from Angles and Time**
Gann trading techniques refer to the methodologies developed by William Delbert Gann (W.D. Gann), one of the most famous technical analysts in the financial markets of the early 20th century. Gann was known for using mathematical and geometric concepts to analyze the markets. He developed many tools and theories that some traders still use today. Here are his key trading methods:
1. Gann Angles: - This technique relies on drawing lines at specific angles on price charts to identify support a
"Discover the Secrets of Trading with Gann's Methods: Profiting from Angles and Time"
Gann trading methods refer to the trading methodologies developed by William Delbert Gann (W.D. Gann), one of the most famous technical analysts in the financial markets in the early 20th century. Gann was known for his use of mathematical and geometric concepts in analyzing the markets, and developed many tools and theories that some traders still use today. His most important trading methods include:
To effectively manage your cryptocurrency portfolio, here are some basic steps to follow:
1. **Portfolio Diversification**: Avoid putting all your investments in one currency. Distribute your capital between Bitcoin, Ethereum, and medium and small-cap coins to reduce risk.
2. **Determine a Strategy**: Choose an investment strategy that suits your goals. The most popular strategies are “buy and hold” for long-term investors and “day trading” for those who have experience in following the market regularly.
3. **Risk Management**: Don’t invest money you can’t afford to lose. Set a stop loss limit and set a certain percentage of capital to enter each trade.$
4. **Continuous Update**: Keep up with news and developments in the market. Cryptocurrencies are affected by global political and economic events.
5. **Security**: Use cold wallets (devices that are not connected to the internet) to keep your assets safe from hacks. Enable two-factor authentication (2FA) on your trading accounts.
6. **Rebalance**: Review your portfolio periodically and reallocate assets based on its performance and market conditions.
Following these principles will help reduce risk and increase returns in the long run.$ETH $BTC $BNB
Currently, the cryptocurrency market is experiencing significant volatility with multiple factors affecting the performance of major currencies. On top of these factors, the release of the minutes of the US Federal Open Market Committee (FOMC) meeting is expected to impact interest rate and macroeconomic policies, which could lead to volatility in the prices of cryptocurrencies such as Bitcoin and Ethereum. On the other hand, major events such as the Merge Madrid conference continue to attract attention as some popular projects such as XRP and Chainlink offer technical updates that could impact market movement, while the opening of tokens such as $MODE and $XAI introduces new liquidity to the market, which could cause selling pressure on some coins. $XRP $XAI
In terms of outlook, Bitcoin and Ethereum are expected to remain among the most stable currencies in the long term due to limited supply and increasing demand, especially with the approaching date of the Bitcoin mining reward cut in 2024, which often leads to significant price increases #WeAreAllSatoshi #BTC☀
The current price of Solana (SOL) is approximately $141.55, with a slight decrease of 0.15% over the past 24 hours. However, the coin has shown an increase of about 6.84% in the last week, indicating positive market momentum recently. Solana remains one of the top five cryptocurrencies by market capitalization, with a market cap of over $71 billion. Solana's upward trend can be attributed to its expanding ecosystem, particularly in decentralized finance (DeFi) and token launches. It has seen a surge in token activity, leading the market in new token creations in 2024. The platform's efficiency and scalability, thanks to its Proof-of-Stake (PoS) and Proof-of-History (PoH) consensus mechanisms, continue to attract developers and investors. Despite some technical challenges, including occasional network outages, Solana remains a dominant player in the blockchain space. In the short term, price volatility is expected to continue, but its long-term growth potential appears solid, especially as it captures a larger share of token launches and continues to develop new partnerships [oai_citation:1,Solana (SOL) price, market cap | $143.287 | Charts | COIN360](https://coin360.com/coin/solana-sol) [oai_citation:2,Solana (SOL) Price Today & Live Chart | Hedge With Crypto](https://www.hedgewithcrypto.com/prices/solana/) [oai_citation:3,Solana Leads 2024 Token Launches, Capturing Over 87% in Recent Surge](https://cryptonews.com.au/news/solana-leads-2024-token-launches-capturing-over-87-in-recent-surge-123820/). For investors, this indicates both opportunities and risks, with potential price fluctuations in the near future.#SOL🔥🔥 #solana $SOL #BTC☀ $SOL
The current price of Solana (SOL) is around **$144.20**, with a slight decrease of **0.15%** over the past 24 hours. However, the coin has gained **6.84%** over the past week, indicating positive market momentum recently. Solana ranks among the top five cryptocurrencies by market cap, with a market cap of over **$71 billion**. Solana’s bullish trend is due to the expansion of its ecosystem, especially in the areas of decentralized finance (DeFi) and token launches. Solana has seen a significant increase in token activity, leading the market in new token launches in 2024. Its efficiency and scalability, thanks to **Proof-of-Stake** and **Proof-of-History** consensus mechanisms, have attracted more developers and investors. Despite some technical challenges such as occasional network outages, Solana remains a major player in the blockchain world. In the short term, price volatility is expected to continue, but the long-term growth potential looks strong, especially as the ecosystem expands and more partnerships are launched. $SOL #Solana’ #btc70k