Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: May Altcoin have chance to rally even if Bitcoin dominance is below 70%?
by
hello_good_sir
on 15/12/2019, 09:04:39 UTC
Quote from: owengtam09 on September 21, 2019, 03:07:32 PM
If Bitcoin Dominance is Below 70%, And Altcoin is back to a sideway trend did you think that the Altcoin may have a chance if not reclaim the number 1 slot which is not gonna happen, but in just having a fighting chance in the market of cryptocurrency to still increase in value in spite the value of Bitcoin not going any where what can you guys say about this?

https://news.u.today/news/top-3-price-predictions-btc-eth-xrp-bitcoins-dominance-is-below-70-altcoins-are-back-to-a

I simply don't see the reason why it can't happen.

Bitcoin dominance swinging lower than 70% is actually good for alts, given the fact that it implies that the alt market is currently outperforming BTC because of the fact that BTC dominance generally resides in the 70-80% region over the long term.

Only when BTC dominance is high does it suggest that participants seek less risk in the market and divert their trades from alts into BTC. Not the other way aronud.