Bitcoin soars to the top... but where are the altcoins?!
As Bitcoin records historic numbers and steals the spotlight, altcoins seem to be out of the game. Why? Here’s what’s happening behind the scenes:
Bitcoin dominance is increasing – and no one is competing with it now!
Capital is flowing directly towards Bitcoin. When its dominance rises, it means that investors prefer safety and reliability before venturing into other projects.
A market full of coins... and little trust!
Thousands of altcoins, many of them with no real distinction. The result? Liquidity is spread out and strong launch opportunities for any single project are fading. Ethereum has not had its say yet!
Eyes are on ETH/BTC – and as long as this indicator remains weak, hopes for a breakout in the altcoin market remain postponed.
The calm before the "madness season"!
Market history tells us: when Bitcoin calms down and starts to consolidate, money begins to flow into altcoins. Are we just days away from that moment?
Do you think "altseason" is near? Share your opinion in the comments! #BinanceAlphaAlert #BinancelaunchpoolHuma