Good Evening, Everyone! Let’s Address the Burning Question: “Why Aren’t Altcoins Pumping?”
At Cryptohood, we believe in not just earning but learning as well. Many of you have asked this question, and it’s time to clear the air. So, let’s dive in.
As of now, Bitcoin ($BTC) is trading at an impressive $98,000. Naturally, one would expect altcoins to follow suit. But instead, they’ve been sluggish, crawling like a turtle trying to sprint. Even worse, when dips, altcoins take a nosedive. Why does this happen?
The answer lies in Bitcoin Dominance. Currently, Bitcoin Dominance stands at 61.44%, meaning over 61% of the total crypto market capitalization is invested in Bitcoin alone. Think about it—if you had significant capital to invest, wouldn’t you choose the asset that’s already backed by major players like Michael Saylor?
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When Will Altcoins Rally?
The much-anticipated altcoin rally will only occur when Bitcoin Dominance starts reversing its current uptrend and drops significantly. Historically, this shift happens when reaches a new all-time high (ATH) and begins to consolidate or move sideways. At that point, liquidity starts flowing into altcoins as investors shift focus, thinking the Bitcoin rally has peaked.
This pattern has repeated in past bull runs and is likely to happen again. Based on historical data, Bitcoin Dominance tends to peak between 60-65%, which means we’re either close to or already at that tipping point. Once $BTC consolidates, the floodgates will open for altcoins.
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What Should You Do?
We understand the frustration of watching Bitcoin soar while your altcoin bags barely move. But remember, patience is key in crypto. The bear market tested your resilience, and this should feel like a walk in the park by comparison. Use this time to strategically position yourself in altcoins before the liquidity shift begins.
Crypto is a waiting game. Stay informed, stay strategic, and most importantly, stay patient. The altcoin rally is coming—are you ready for it?
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Always do your own research and make informed decisions. Success in this market belongs to those who understand its cycles. Let’s grow together!
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