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Bitcoin: the king is dead, long live the king!We are at a historical moment in the lifetime of the crypto markets. The BTC dominance fell below 50% to never return above it ever again. I already spoke about it in my last ETH/BTC post (linked below); ETH is here to become the second hedge for the crypto market next to BTC. BITCOIN AS AN INTRODUCTION TO CRYPTO The time that people only knew Bitcoin and would only buy / trust BTC as an introduction to crypto is as good as over. With alts flourishing in gains, price, use case and performance; the popularity and adoption will only further increase. You could compare it with the internet where the at the start you just had a few dominant and well known websites to evolve into a diverse landscape of numerous websites for an almost infinite amount of use cases and communities backing them. ALT COINS ARE DEAD With Bitcoin falling below the 50% mark we have now entered a new era of crypto (like I said in my ETH/BTC post); the era of the "alt coin" is over. Alts are no longer alternative if Bitcoin does not make up most of the crypto market share - and with the projection of the BTC dominance only declining and never getting above 50% ever again; the word "altcoin" is dead. Instead its time for a new era: the era of cryptocoins; where each coin represents a use case and no longer is associated with its dominance in the cryptocap. In the end its simple; I project the BTC dominance to fall below 10% of the total cryptocap within the next 10 years; so how is holding any coin other than BTC seen as "alternative" if these coins make up 90% of the cryptocap? You get my point; its not. So lets get rid of the word "altcoin" right here and right now and lets evolve to an inclusice cryptospace without maxi's or "exclusionalists" and turn them into "inlcusionalists". THE END FOR BITCOIN? So you might think this is all doomsday for Bitcoin and I no longer support BTC or its use case, but believe me; I'm still a fan (look at my username) and a hodler. The future of BTC is very bright and we will see a BTC cap at the levels of gold (around 8tr) and possibly beyond. So yes, I project BTC will hit 1 million USD within the next 4 to 6 years. So that doesn't make BTC such a bad investment, does it? What this projection does tell you; is what crypto as a whole will do in the next decade: defi, insurance, decentralized consumer / retail solutions and trustworthy data storage being my first markets of interest concerning adoption. This means that lots of fundamentally strong "smaller cap" coins find their adoption markets and will increase their market caps immensely. Bitcoin will be Bitcoin and will fulfill its use case of digital gold; a hedge against fiat with diminishing risk and returns. ETH VS BTC There's one key element missing in the cryptocap puzzle: Ethereum. ETH will fullfill a crucial role for the adoption of crypto amongst the masses by providing safe and robust base layer solutions that will take up more than 50% of the total-cap of the emerging markets mentioned above. This doesnt mean that DOT, KSM, LINK, BNB (and many others) won't have any adoption or wont do well. It simply means that ETH is the Microsoft of the blockchain space - whereas most computers ran (and still run) on Windows, you will see that most blockchains will run on ETH protocols, base layers or smart contracts. Ok, great but what does this mean? Well, this means something HUGE is about to happen and I have not heard any trader on this website about it (yet). ETH will, in the mid term; flip BTC in terms of marketcap. So this means in the future; the main hedge of crypto against crypto (not fiat) will be ETH and the ETH dominance. I project; depending on the adoption of other protocols that the ETH dominance will fluctuate between 40 and 60% in the coming decade. Obviously this means for traders that you compare your cryptocoin (not altcoin) with ETH; when you outperform ETH; you do well - when you don't; you're underperforming. An important note that I do want to add is that - also ETH in the long term - will have diminishing returns and risk - and will have the same faith as BTC - with eventually becoming less dominant in the total cryptocap and space. For now, however; its starting its way up to become the new king of crypto. TECHNICAL ANALYSIS So if we look at the BTC and ETH dominance, you can clearly see that the charts and market support my theory. BTC fell below king levels of 50% and I do not expect it to ever return above it for a long period of time. It might retest 50% going into the bear market but I expect a rejection - to never return there again. So when people are chatting about "alt season", just please stop with it. It has been alt season since January and it will be alt season forever. That is a given, however with a important note that the next bear market will be painful for the alt cap in the short/mid-term. The long term is only bullish. I project the ETH dominance to keep holding a bull trend with again some possible pullbacks during the next bear market in order to just keep surging from there on after. So to conclude, the BTC dominance will be in a permanent bear trend all the way towards 10% levels in the next decade. ETH will do the exact opposite and can (not will) surge above 50% dominance. I do not want to state my ETH price projection for the coming decade because I believe it might be too much to handle for most traders and we have to see how the deflationary model will work, but (if you like) you can 5x the craziest ETH predictions on Youtube and you could get close. For the short term; you can check my chart of where I think both are heading and I projected a nice cup and handle for the ETH dominance with a 36% surge against a -28% fall for BTC! The cup and handle being totally my own imagination but that doesn't matter too much; what matters is what the macro trend tells us: a new chapter for crypto has begun. The king is dead, long live the king!
CRYPTOCAP:ETH.DLong
by cryptobullethbtcxlm
9
BNB: forget 420, its 720!Alrighty, last one of today... Keep your eyes glued on the last CRYPTOWATCH chart (linked below); if that one breaks out, this one breaks out. Be cautious for a bearish breakout aswell. The market is choppy and up to something here; literally most coins are set up for a breakout. My picks: ETH, BTC, KSM, DOT, LINK & BNB. (I fell out of love with XLM but maybe we reunite later this year) - Yes there are probably smallcaps that will pump harder but I only want blue chip. That list above the bluest of of blue chip according to my personal opinion. You can and should have your own viewpoint. :) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Long
by cryptobullethbtcxlm
5
Buy during the most bearish times!For all my followers; we anticipated this dump of the market since BTC was at 64/63K and we came a long way; we did all the pips for the week and thus BTC can consolidate this weekend. The total crypto cap found a local bottom and shows a clear bullish divergence which means we can see a short term recovery for the market as a whole. This means calmer BTC times are coming for the immediate short term which will allow alts to fly! Personally I'm very bullish on VET given it finished an ABC correction and can easily pump 20% in the next day or two. Lots of short term opportunities out there and remember; when the market is bearish, we turn bullish! (for the immediate short term) IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CRYPTOCAP:TOTALLong
by cryptobullethbtcxlm
5
Market Cap - Further Gann and Top predictions Suggesting an early 2023 end to the bull run So based on my previous analysis I have managed to extrapolate roughly a June 2022 - April 2023 end date for the bull run Personally I might brave myself for another bear market if I have the courage, or I am selling around December 2021 just to be safe. The first Gann ring hits the 2018 Top perfectly, I don't see why it would change for future price movement Price has also just broken above the middle Gann line (2018 top) this will act as a new support, very bullish, continuation.
CRYPTOCAP:TOTAL2Long
by Bixley
2
TOTAL MC : Bearish divergence on daily timeframe CRYPTOCAP:TOTAL Hello everyone 😃 Crypto TOTAL market cap had failed divergence on daily timeframe recently. Now it's forming another divergence on daily timeframe ! These multiple divergences will lead the market for a mid-term correction ( not major correction ) Also we are passing pivot point based on FIBBO time-zone... I expect a continuation of mid-term correction till 14th May. By the way there is a support zone which can hold TOTAL's movement and make a reversal point. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
CRYPTOCAP:TOTALShort
by Helical_Trades
26