CRYPTOCAP:TOTAL2   Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW)
Many folks have been proclaiming that alts are dead.
Despite this current wave of sentiment one needs to consider the following:

1. Exchanges have incentive to list altcoins.
2. Users have incentive to buy altcoins
3. Miners have incentive to mine altcoins

Why is there merit to thinking that BTC dominance will rise to 100%? Seems unlikely.
In my opinion the altcoin market will continue to grow at some percentage of the total BTC market. According to this chart
we could see a total altcoin marketcap in the 1-3 Trillion dollar range in just a short amount of time.
Comment: Purple Haze
Comment: According to this chart, some alts might be absolute bargains during the next few weeks.
Comment: it was around these relative price levels that the previous fractal reversed.
Alts were created to steal your precious Bitcoin...let that sink in for a while...
Reply
TraderT33 FreshCrypto
@FreshCrypto, Not all alts are created equal, it's much more nuanced than the bitcoin <-> alts narrative of the maximalists, let that sink in for a while...
+1 Reply
@TraderT33, Of course but 99% of the circa 2500 "tokens" are garbage and won't be around in a few years..let that sink in for a while..
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TraderT33 FreshCrypto
@FreshCrypto, I know, but monero is the only fungible crypto in town, so there's a good chance it'll be around still since 'good money' is fungible
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@TraderT33, Monero is a good privacy token, but big exchanges won't touch it because the gov doesn't want it around...it's also widely used by Trojan horse attacks..
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BTC - is limited,
It’s value - store of Value
The Alts are not - they meant
For value - to exchange
No limit there, except the price:
The time on market - proof of work,
Can not be bought, created, sold
It earned, secured and tested
Proven Perfect tool for trading
Of All and any, time times value
Who see the profit - knows the code
You see the riddle? Trade some more :)
+1 Reply
Plz check my share ideas on tradingviwe
Reply
WrightdaddyOG Make_Money_Guru_Bitcoin
@Make_Money_Guru_Bitcoin, do you comment this on everyones post?
Reply
Cool trendline.
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