THE IMPORTANCE OF $BTC DOMINANCE đ„
Bitcoinâs dominance appears to be slowing down, potentially marking the start of an altcoin season. Additionally, this decline in Bitcoin dominance, often predicted through technical charts, indicates a possible rise in altcoinsâ value.
Despite the prevailing market fear, uncertainty, and doubt (FUD), the underlying facts suggest a brewing opportunity for altcoin investments. Besides, the general sentiment remains bearish, with many investors questioning the possibility of an altcoin season. However, this peak fear could be the opportunity for significant market gains for altcoins. đ
Hence, the stage seems set for what could be an epic altcoin season. As Bitcoinâs dominance dwindles, the altcoin market could witness substantial growth. The expert encourages Investors to make their moves swiftly, capitalizing on the low prices before the anticipated surge. This scenario presents a classic example of market cycles and investor psychology, where the greatest opportunities often arise from the most substantial fears.
It is very important to understand the difference between the price of BTC and the BTC dominance. Just because the dominance is dropping, it doesn't mean that the price is dropping also. It just means the majority of funds are flowing over into alt coins. To see a healthy alt season, we want the BTC dominance to drop! đ„
We have been researching a whole new bunch of alt-coins and meme coins with huge potential in this next bull cycle. Stay tuned if you would like a slice of the pie! đ„§
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