Looking at the YTD chart of top 10 alts, I found out that all of them have outperformed bitcoin.
Eth, Binance, Dot, Ada are providing the blockchain entrepreneurial infrastructure for projects to create Dapps (Decentralized applications) and DAO's (Decentralized autonomous organizations), allowing new decentralized solutions as DeFi, and NFT’s.
Fundamentally...
Top-down analysis says macro trend remains strongly bullish.
I added the fundamental bad news that happened last week to the chart, here we can see they drove the price down but buying sentiment remained strong and the price is consolidating strongly above the 53k level from which I predict a bullish breakout to reach the previous ATH at 63.8k
The crypto market is rallying, and the biggest winners have been exchanges. (Look at FTT token)
Binance is valued at $80 Billion (Market cap) being the #1 exchange (in volume) and #2 layer 1 crypto platform (behind Ethereum)(in dapps). While Ethereum has a market cap of $270 billion and Coinbase of $90 billion. Binance is undervalued since it established...
