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Ethereum At $9,200, XRP At $5,800, And Solana At $3,400? đ¤
Analyst Says: Not Possible! đŤđ
Crypto prices are grinding through a slow recovery in the past 48 hours, with #Bitcoin đ leading the charge while most altcoins lag behind. In a recent post on X (formerly Twitter), Bitcoin maxi and JAN3 CEO Samson Mow dropped a reality check on altcoin expectations.
He called out the unit bias â the idea that cheaper coins feel more âaffordableâ â and showed how it can mislead investors.
Letâs Talk Numbers đ˘
Mow imagined altcoins like $ETH, $XRP, and $SOL with the same supply cap as Bitcoin (21M). Here's how they would look:
Ethereum: $9,200
XRP: $5,800
Solana: $3,400
Sounds wild? Thatâs the point. These numbers highlight how unrealistic such valuations are based on current supply and market cap. It also shows how Bitcoinâs scarcity sets it apart. đŞ
Bitcoin Dominance Strengthening đ§ą
With ETFs and TradFi adoption increasing, the narrative for Bitcoin dominance is getting stronger. It's currently sitting at a yearly high of 63.5%, and according to Mow, this trend could continue.
However, not everyone agrees. Some analysts believe a new altcoin season is coming, and that BTC dominance could dip to 40% in the coming months. đâď¸
Current Prices (at time of writing):
BTC: $88,530 (+1.3%)
ETH: $1,620 (-1.5%)
SOL: $140 (-0.5%)
XRP: $2.09 (-1.63%)
What do you think â are altcoins overhyped, or is the next alt season just warming up?
#Crypto #Altcoins #BitcoinDominanc e #Ethereum #XRP #Solana #UnitBias #BTCvsAltcoins #CryptoNews
Analyst Says: Not Possible! đŤđ
Crypto prices are grinding through a slow recovery in the past 48 hours, with #Bitcoin đ leading the charge while most altcoins lag behind. In a recent post on X (formerly Twitter), Bitcoin maxi and JAN3 CEO Samson Mow dropped a reality check on altcoin expectations.
He called out the unit bias â the idea that cheaper coins feel more âaffordableâ â and showed how it can mislead investors.
Letâs Talk Numbers đ˘
Mow imagined altcoins like $ETH, $XRP, and $SOL with the same supply cap as Bitcoin (21M). Here's how they would look:
Ethereum: $9,200
XRP: $5,800
Solana: $3,400
Sounds wild? Thatâs the point. These numbers highlight how unrealistic such valuations are based on current supply and market cap. It also shows how Bitcoinâs scarcity sets it apart. đŞ
Bitcoin Dominance Strengthening đ§ą
With ETFs and TradFi adoption increasing, the narrative for Bitcoin dominance is getting stronger. It's currently sitting at a yearly high of 63.5%, and according to Mow, this trend could continue.
However, not everyone agrees. Some analysts believe a new altcoin season is coming, and that BTC dominance could dip to 40% in the coming months. đâď¸
Current Prices (at time of writing):
BTC: $88,530 (+1.3%)
ETH: $1,620 (-1.5%)
SOL: $140 (-0.5%)
XRP: $2.09 (-1.63%)
What do you think â are altcoins overhyped, or is the next alt season just warming up?
#Crypto #Altcoins #BitcoinDominanc e #Ethereum #XRP #Solana #UnitBias #BTCvsAltcoins #CryptoNews
See original
New Updates About Bitcoin - December 2024
Expected Price Rise: Bitcoin is close to surpassing the $100,000 barrier, supported by strong institutional demand, especially through exchange-traded funds (ETFs). Analysts expect the price to reach levels of up to $131,000 by the end of the current cycle, supported by institutional adoption and increased demand due to inflation and the devaluation of fiat currencies.
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