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WHO IS UNDERPERFORMING? 🤔Here Is The Answer 👇 In the last 90 days, 9 altcoins didn't perform well compared to Bitcoin. These are: Cardano, Polygon Matic, Optimism, Injective, Monero, Celestia, Lido and Arbitrum. Note that the image reports only the top 50 altcoins and it shows in percentage their performances against BTC. The reasons could be several. For example, when the Bitcoin dominance is too high, investors tend to favor BTC over certain altcoins. Also when new competitors with better value proposition appear, some liquidity may flow to them. (e.g. $OP Vs $MATIC ). Not least, regulatory concerns. Let's take Monero (XMR); Monero has underperformed due the de-list of several exchanges. Authorities didn't like its privacy technology and thus they put pressure on several exchanges. Keep always in mind that the underperformance of altcoins can be influenced by a combination of market dynamics, investor sentiment and specific factors. As a consequence, I really recommend to go over 1 by 1 and analyzing them in depth! STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝 #Altcoins2024 #AltcoinsUpdate #AltcoinDominance #bitcoindominance

WHO IS UNDERPERFORMING? 🤔Here Is The Answer 👇

In the last 90 days, 9 altcoins didn't perform well compared to Bitcoin. These are: Cardano, Polygon Matic, Optimism, Injective, Monero, Celestia, Lido and Arbitrum. Note that the image reports only the top 50 altcoins and it shows in percentage their performances against BTC. The reasons could be several. For example, when the Bitcoin dominance is too high, investors tend to favor BTC over certain altcoins. Also when new competitors with better value proposition appear, some liquidity may flow to them. (e.g. $OP Vs $MATIC ). Not least, regulatory concerns. Let's take Monero (XMR); Monero has underperformed due the de-list of several exchanges. Authorities didn't like its privacy technology and thus they put pressure on several exchanges.

Keep always in mind that the underperformance of altcoins can be influenced by a combination of market dynamics, investor sentiment and specific factors. As a consequence, I really recommend to go over 1 by 1 and analyzing them in depth!

STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 - DYOR 🙏 NFA.🤝

#Altcoins2024 #AltcoinsUpdate #AltcoinDominance #bitcoindominance

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5 COINS WHALES ACCUMULATED THIS DIP 🐋 & Here Is Why👇 On chain data shows that while people were selling off due to fear, uncertainty and doubt (FUD), smart money took advantage and started to increase their holding positions. More precisely they targeted layers 1 (NEAR and AVAX), BTC's scaling solution (STX), ETH's scaling solution (OP) and the AI token (FET, soon ASI due to the fusion of AGIX, FET and OCEAN). 1) Why $NEAR ? NEAR's combines advanced technologies (e.g. Nightshade), community support, growing adoption (1.78 active trxs), partnerships and developer-friendly infrastructure. This layer 1 has the potential to enter in the top 10. 2) Why AVAX? Avalanche offers great scalability, interoperability (e.g subnets, custom Blockchains), decentralization and ecosystem growth. AVAX finds value across various use cases and thus institutions are integrating it 3) Why $OP ? Optimism addresses Ethereum's scalability issues by utilizing a technology called Optimistic rollups. Also OP supports a wide range of DeFi wallets and applications, making it accessible to everyone. This layer 2 solution has the potential to surpass MATIC in the long. 4) Why STX? Stacks integrates with Bitcoin by leveraging its security and also it has innovative features like proof of transfer consensus and microblocks for faster transactions. At the moment, Bitcoin has only few layer 2 solution and thus investors have no other choices 5) Why $FET (-> ASI)? The collaboration between Fetch.ai, SingularityNET and Ocean Protocol brings together significant expertise in decentralized AI technologies and thus whales can't miss out this opportunity Remember, whales often make strategic investments based on their analysis of market trends, project fundamentals and upcoming developments. They may believe that these tokens have strong potential for growth in the future. What I really recommend is to keep monitoring their unique technology, partnerships and rate adoption! STAY TUNED!🔥 - DYOR 🙏 NFA.🤝 #Smartmoney #WhaleActivity #buythedip #AITokens #Altcoins2024
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