The Future of Altcoins
Updated
Many folks have been proclaiming that alts are dead.
Despite this current wave of sentiment one needs to consider the following:
1. Exchanges have incentive to list altcoins.
2. Users have incentive to buy altcoins
3. Miners have incentive to mine altcoins
Why is there merit to thinking that BTC dominance will rise to 100%? Seems unlikely.
In my opinion the altcoin market will continue to grow at some percentage of the total BTC market. According to this chart
we could see a total altcoin marketcap in the 1-3 Trillion dollar range in just a short amount of time.
Despite this current wave of sentiment one needs to consider the following:
1. Exchanges have incentive to list altcoins.
2. Users have incentive to buy altcoins
3. Miners have incentive to mine altcoins
Why is there merit to thinking that BTC dominance will rise to 100%? Seems unlikely.
In my opinion the altcoin market will continue to grow at some percentage of the total BTC market. According to this chart
we could see a total altcoin marketcap in the 1-3 Trillion dollar range in just a short amount of time.
Note
Purple HazeNote
According to this chart, some alts might be absolute bargains during the next few weeks.Note
it was around these relative price levels that the previous fractal reversed.Note
Reversal right on cue.Note
And flash crash right on cue lol. This fractal is surprisingly accurate.Note
This fractal approach has held well, alt reversal appears to be on it’s way.Note
Next candle will let us know if we are invalidated or not. Must admit its not looking to good but this is crypto, anything can happen.Note
Candle is green. Was this a simple poop n scoop?Note
Dipped a tiny bit below trend but now looks ready to takeoffNote
Looking good indeed.Note
Super interesting fractal playing outNote
ALTS READY TO FLY!!!???Note
Such bizzaro market movement...def looks manipulated but who the heck knows. I expect a huge move up in alts in 2021Note
The slope of this chart is remarkable.Note
HOLD THE LINE
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