Post
Topic
Board Altcoin Discussion
Re: What’s going on with Altcoins?
by
khiholangkang
on 03/11/2024, 21:11:14 UTC
Please can one tell me what is going on with Altcoins?
Bitcoin pumps like mad - doing really well (latest pump) while Altcoins not only NOT pumping harder, but on contrary their price goes down…? I mean - WHY??
Example: TAO, Jupiter, NEAR…
That's because Bitcoin's dominance is strong, when you understand this indicator you will know the reason why others don't move much besides bitcoin, BTCD moves up to 60% which means that BTC is experiencing a significant increase in market attention and some investors are not looking at Altcoins to buy because the magnitude goes to bitcoin, that's how to read it simply in this phenomenon.

But you don't need to be afraid of all the events that have now happened, because the money circulation will flow back to altcoin, if you believe in altseason and know it, you will definitely understand how this bitcoin cycle runs for 4 years.