When will the altcoins start?
BTC is growing nicely, but what about altcoins? When can they go up?
BTC is growing nicely, but what about altcoins? When can they go up?
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4 answers
There are several perspectives for this - you can substitute your preferred values in quotes, because of course there is no single clear dummy, it will happen smoothly:
- Until BTC dominance falls below "60%" according to Coinmarketcap and Coinpaprika
- Until BTC rises above "$20k"
- Gradually, as the dominance decreases and the BTC price increases, and interesting non-top100 altcoins increase
There are several perspectives for this - you can substitute your preferred values in quotes, because of course there is no single clear dummy, it will happen smoothly:
- Until BTC dominance falls below "60%" according to Coinmarketcap and Coinpaprika
- Until BTC rises above "$20k"
- Gradually, as the dominance decreases and the BTC price increases, and interesting non-top100 altcoins increase
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No one knows. We don't have a crystal ball...
For now, I think we need to prepare for the decline. Since March, the market has been in a small bull market and the price has increased by almost 150%. I think there needs to be a correction now.
As another colleague wrote, for alts to start growing in a specific way, Bitcoin's dominance must decrease. So far, it doesn't look like it, because people have learned that alts can lose a lot after many projects have been neglected and collapsed.
No one knows. We don't have a crystal ball...
For now, I think we need to prepare for the decline. Since March, the market has been in a small bull market and the price has increased by almost 150%. I think there needs to be a correction now.
As another colleague wrote, for alts to start growing in a specific way, Bitcoin's dominance must decrease. So far, it doesn't look like it, because people have learned that alts can lose a lot after many projects have been neglected and collapsed.
Machine translated
Machine translated