With bitcoin looking as though it’s going to go even higher, altcoins are showing signs of following this move. Although riskier plays, the altcoins have the potential to drastically outperform.
Will altcoins ride the $BTC wave?
Bitcoin is potentially gearing up for an explosive move toward $65,000 as the huge inflows from the Spot Bitcoin ETFs continue at pace. Will the altcoins take a back seat as $BTC dominates the proceedings, or will they ride on this upcoming wave and surge towards even greater gains?
Source: Coingecko/Trading View
As can be seen from the Total3 chart (total market cap of all altcoins excluding $BTC and $ETH) a breakout has now occurred. It remains to be seen now if this will continue, or if a pull back will enable the price to retest the downward trend line.
Source: Coingecko/Trading View
Bitcoin dominance still high
Bitcoin dominance is still high at just under 54%. The dominance chart shows that $BTC is fighting with the top of the resistance band that stre
We współpracy z: https://cryptodaily.co.uk/2024/02/altcoins-are-starting-to-stir-again
