#BinanceBlockchainWeek
“Why can’t altcoins rise?”
“Bitcoin is already $72,000.”
The answer is simple:
Bitcoin's market share is too high.
Currently, Bitcoin's market share is around 60%.
This means that 60% of the money invested in cryptocurrencies is in Bitcoin.
The wave of altcoin explosions you are waiting for will only come when Bitcoin's market share stops rising and starts to decline significantly.
This usually happens after Bitcoin hits a new high and consolidates for a period of time.
At that time, the funds will flow into altcoins.
In just a few weeks, you could see a 5 to 10 times return (some popular altcoins will rise even more).
This is how it has been in previous cycles.
This time will definitely be the same.
When will Bitcoin's market share reverse?
From historical support levels, 60% to 65% might be a peak.
So, we are already close to the top, just a few percentage points away.
Looking at previous cycles, Bitcoin's market share usually drops to 40% to 45% at the end.
At that time, you should take your profits and completely exit the market.
Now, the pain and accumulation are almost over.
Everyone is watching Bitcoin's market share, see
Recently, I plan to set up a position in a potential coin that is ready to explode; doubling is still quite easy, and I am also preparing to find some potential coins to hold until the end of the year. An expected increase of more than 10 times is not a problem. If you want to keep up, follow, and share freely.
