Only the Truly Decentralized and Trustless Chains Will Survive
Crypto is in a situation right now where it's purging all of the toxic assets in the sector and when looking at the domiance and total charts it all points towards many of the alt coins eventually going to 0 and giving up all of their dominance to a handfull of truly Decentralized and Trustless Chains. Assets like XMR, LTC, and BTC feel like safe picks but Centralized Chains with constant scams such as Ethereum and BSC will all likely soon collapse.
What we can see on the charts is that LTC Dominance Remains at the PCZ of a Bullish Deep Gartley and is Targeting atleast 4% Market Dominance and BTC is at the PCZ of a Bullish Shark and may also be Double Bottoming which could take it towards 70% or even over 90% Dominance.
Meanwhile Ethereum is in a Pattern where it will likely lose more than 70% of it's Marketcap Dominance upon Breaking Down and this would likely take most of the quote-unquote so-called DeFi projects down with it.
What we can see on the charts is that LTC Dominance Remains at the PCZ of a Bullish Deep Gartley and is Targeting atleast 4% Market Dominance and BTC is at the PCZ of a Bullish Shark and may also be Double Bottoming which could take it towards 70% or even over 90% Dominance.
Meanwhile Ethereum is in a Pattern where it will likely lose more than 70% of it's Marketcap Dominance upon Breaking Down and this would likely take most of the quote-unquote so-called DeFi projects down with it.
