If there's ever a good level where alts should be bouncing, | Crypto Nova-1 on Binance Square

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If there's ever a good level where alts should be bouncing, it's here.
Fingers crossed 🤞

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We gotta be realistic about the fact that an altseason will only come when both of the following 2 scenarios happen: 1️⃣ Bitcoin dominance comes down = big and real altseason 2️⃣ Bitcoin breaking $110k with confidence = small altseason Alts can still run without bitcoin dominance going down. But we need a strong rising Bitcoin for that (see Q1 2024 and Q4 2024). The ideal scenario is still bitcoin dominance going down though as this highlights OUTPERFORMANCE in alts and is the bigger and better altrun of both scenarios. If scenario 1 and 2 happen at the same time (doesn't happen often though) then things truly go bananas.

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While I personally never liked the guy and question his merit to this industry. It's a good reminder that "success and riches" doesn't always translate to a happy ending. Despite the origin of how he got it, he was probably one of the richest individuals in crypto which is now in jail. Driving Ferraris, owned a big mansion, loving family and one of the biggest YouTube and Twitter channels in this space (over a million subs). You would think he has it all right? What more could he want/need? Yet cheated on his wife, heavy drug abuse, becoming mentally unstable and now in jail. Is this the dark side of gaining fame and money? The downfall of success? This post main intent isn't to bring shade to the guy (despite not liking him I never wish further harm to anyone). But just something to serve as a reminder I think that no matter how far we reach in life, we can always fall back down if we're not careful. I think even he would agree his life in jail right now isn't better than when he had it all.

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$GRAY One of the few fresh new low caps I actually like. Usually trying to be a bit more careful with scouting new plays and waiting it out a few days untill it can claim a decent market cap and good looking chart. Things I really like: - Friends vouching for it - Slow and steady (Uptrend) - Actually innovative tech - Good market cap entry (not dangerously low anymore but still huge upside) Essentially @useGradient is an offline AMM that enables you to trade without price impact. If that still sounds chinese to you: Everytime we trade on a dex (especially low caps) we usually lose a lot of money on price impact. We get less than we paid for basically. GRAY's Coordinated Order Routing Engine solves this partially by fulfilling orders offline and offer deeper liquidity and zero price impact. Anyways, you get the idea and you might get now why I actually like it out of most stuff launching today (because it might actually get used a lot). Higher 👌

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Been a while since we had a new chain that was all the rage of the moment and even kickstarted a whole local new narrative/altseason. First time $ETH tokens became a thing it was insane. But then also $BNB chain followed. $FTM (rebranded to $S today) and their godly yield farms. $MATIC and a few more... Each of those itself created a whole new run on its own ecosystem lasting for many months and good times in the market. Remember $ARB? It launched in the middle of a bear market but if you were early and only stuck to that particular ecosystem you wouldn't even know it was a bear market at all. We have a few new chains capturing the attention today (like $SUI or $BERA) but they didn't create a whole new narrative (yet) when the whole market couldn't ignore it anymore. When is the next arriving? 👀

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Whether we like it or not, the past few years and this cycle, altcoins have only been able to run when Bitcoin has been smashing new highs rapidly. Not when it's been dropping, not when it has been ranging and not when it has been reclaiming a prior local high. ONLY when it has confidentially broke prior local highs and surged above and beyond. What does that mean today? That again, whether we like it or not, alts will only get decent exposure once Bitcoin breaks above $110k WITH CONFIDENCE (not small and shallow breaks). Does it always have to be that way? No, something needs to change (significant narratives or catalysts like risk-on season with QE or other factors). When it does it can switch up the current model like we have done before in the past. But right now this is the way it is for alts.

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