Since the local top earlier this year, most Altcoins have continuously dumped and showed no signs of reversal.
Why?
Because, as it often happens in the first phase of a bull-run, all eyes were (and still are) on Bitcoin.
Add the fact that it has been moving sideways within a macro range for over six months, creating uncertainty about the market’s future direction, to the mix and you have the perfect recipe for a season of Altcoins underperforming.
But I’m pretty sure things are about to change.
Bitcoin dominance just hit 60%, which to me, seems like a perfect psychological level for a macro top — be aware that it could still push a bit further before finally reversing.
But whether it goes higher in the short term or not, nothing will change.
In the not-so-distant future, I see top-tier Altcoins finally getting the spotlight again and closing out 2024/starting 2025 with a bang.
Top choices for when that moment comes?
Coins with:
> Mainstream narratives.
> Crazy tech.
> Solid communities.
> Hard-working teams (who didn’t stop building even when times were tough).
