@BOMBERuss 15 November 2021 more from that month

Cryptanalyst Nicholas Merten believes that altcoins can be on the branch of capturing a huge share of the digital asset market. In an interview with cryptanalyst Scott Melker, Merten said that he follows the dominance of altcoins, equating the market capitalization of the entire altcoin market with the market capitalization of bitcoin. According to him, this metric appears to be a good indicator of the risk that crypto investors are willing to take on the market. At the moment, altcoin dominance is 59%, and Merten is confident that he expects a significant increase in this indicator in this cycle. I think we will reach 75% in this cycle. Last time… we reached a very similar level in April-May 2018... Now new projects are constantly appearing... there are infinitely many of them ... I think we have to admit that altcoins are striving for greater dominance. Merten predicts the expansion of the market cycle, which will last until the end of 2022, and the bullish growth of cryptocurrencies will end with the growth of altcoin dominance to new highs. As for bitcoin, here the analyst adheres to more conservative forecasts, believing that only very large investments can change the price of a leading crypto asset. #CryptoTrading