In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them
* Bitcoin dominance Increases when more and more people buy and simply hold BTC.
* Bitcoin dominance decreases when more and more people sell BTC.
So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.
Today, BTC dominance is dropping, almost breaking resistance. And yeah, most of the altcoins are gaining momentum - revisiting all time highs.
DeFi projects take the lead, all eyes on DeFi atm.