I'm an ALTCOIN holder so I'm biased towards an ALT season.
Unfortunately, it does look like the BTC dominance will be breaking out of that downtrend starting early 2021.
How high could it go?
Yes, usually BTC goes up first, follow by ETH, Big caps and then smaller alts.
Let's see if it happens like that again.
The chart shows the Bitcoin dominance vs coins excluding top 10, so only smaller alts.
We are hitting a multi year resistance! It will break down and altcoins will thrive!
Bitcoin dominance will reach 30% at the market top.
The chart shows the BTC dominance vs coins excluding top 10.
You focus on the dominance of smaller alts.
ALT SEASON is definitely coming!
The chart will break down and more money will flow in alts excluding top 10.
Check the altcoin season index www.blockchaincenter.net
Total marketcap = $1.94T
Total Marketcap excl Top 10 coins = $460B
That's ONLY 24% of total marketcap! OMG THAT'S NOTHINGGGGGGG!!!
The percentage should go up to 30% at least!
If the total marketcap is $5T, 30% is $1.5T
That's a 3.3x from here!
Some ALTS are going to 10-20x easy!!
BULLISH AS F#@!(*
UPDATE OF
The top chart compares ETH marketcap vs marketcap of all excluding top 10 coins.
Bottom chart compares ETH marketcap vs marketcap of all excluding BTC and ETH.
You can see ETH profits are going to coins outside the top 10. Super interesting!
Buy MID SIZED coins between 1B to 10B marketcap.
Total marketcap = $2.3T
Total Marketcap excl Top 10 coins = $390B
That's ONLY 17% of total marketcap! OMG THAT'S NOTHINGGGGGGG!!!
The percentage should go up to 30% at least!
If the total marketcap is $5T, 30% is $1.5T
That's a 4x from here!
Some ALTS are going to 10-20x easy!!
BULLISH AS F#@!(*
ALTCOINS TO THE MOON!
Marketcap for smaller altcoins is exploding!
Total Marketcap excluding the top 8 coins.
TOTAL - ETH - XRP - USDT - LTC - ADA - BCH - DOT - LINK
