LOL, everyone eagerly jumping into alts with wild abandon, must be alt season...or is it...
That trend line below looks as though BTC dominance may have found a bottom. Not sure how good BTCd is as an indicator anymore since we've now experienced a second Cambrian explosion of alts (so many new projects), including meme coins, dead coins coming back to life. 2T sloshing around in this market now. If this bottom is carved, I think a lot of folks will be rekt on sat value, but I'm hoping that many learned their lessons over the last quarter. There are good alts though, generally find 'em, buy them, hodl them, but keep 'em separate from your BTC imho. Stake 'em if you can, and possibly feed other projects or use rewards to buy more BTC and more ETH.
That trend line below looks as though BTC dominance may have found a bottom. Not sure how good BTCd is as an indicator anymore since we've now experienced a second Cambrian explosion of alts (so many new projects), including meme coins, dead coins coming back to life. 2T sloshing around in this market now. If this bottom is carved, I think a lot of folks will be rekt on sat value, but I'm hoping that many learned their lessons over the last quarter. There are good alts though, generally find 'em, buy them, hodl them, but keep 'em separate from your BTC imho. Stake 'em if you can, and possibly feed other projects or use rewards to buy more BTC and more ETH.
Note
Sorry, that "trend line" is the diagonal which I haven't drawn all the way from left to right.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.