Feb 07, · Many altcoin traders like the added volatility of small cap altcoins because they offer a much larger profit if they do start to moon. Most altcoins rise when Bitcoin rises, sometimes by a lot more than BTC itself, but the same holds true if BTC starts to dump also. The market dominance of Bitcoin is at a High having reached the Highs this week. With the RSI breaking over it has completed a cup formation a relief consolidation is expected. The alt market dominance is past its Lows approaching the levels. The equilibrium of the two market dominance markers is close to be achieved and since April it has been working in favor. “Altcoin vs Bitcoin cap now two weeks into being tested on its year support line. Weekly RSI is more oversold than its entire history (has been since July!)” The story of global alt markets in a series of charts Altcoin vs Bitcoin cap now two weeks into being tested on its year support line.
Market cap bitcoin vs altcoinBitcoin vs. the Top 10 Altcoins by Market Cap - Bitcoin Market Journal
Many altcoin traders like the added volatility of small cap altcoins because they offer a much larger profit if they do start to moon. During the bull run some traders became millionaires from a super small altcoin that suddenly received a bunch of interest because of a partnership, or new feature.
It is very volatile, but due to its limited supply, and consensus rules, a very secure investment, with almost unlimited upside potential. Altcoins should be viewed more as penny stocks. Each Altcoin is very different from every other, and also very different from Bitcoin. If you plan to invest in Alts, please do your own research and be aware that disingenuous marketing sensationalizes almost every altcoin project.
Altcoins, and the companies behind the projects are also vulnerable to regulation, Bitcoin is not. Bitcoin is the far better investment for Altcoins or Bitcoin, where will you put your money this year? Add your thoughts below! Could you be next big winner? I consent to my submitted data being collected and stored. Treasury, looking to decrease the reporting requirements I don't know if we put in the 4 wave or if we've completed 5 and we're putting in the corrective waves.
One thing I think is interesting to note is how many of the Alts have formed complex WXY corrections and makes me think BTC could do the same thing, losing dominance until it's finally fully corrected and everyone is fully screwed.
ReallyMe BMLemon. BMLemon , Yes, it's all possible. ReallyMe , invalidated. ReallyMe cdutler5. ReallyMe , You got me there. Could you be next big winner? I consent to my submitted data being collected and stored. Dash, has earned the reputation of being one of the longest surviving crypto assets in the market. The project has developed specific standards to enable users to enjoy the best A rally in the Bitcoin market has prompted traders to shift their capital from the booming decentralized finance sector.
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