Hello,
Today seems like a bloody Friday but we have to stay positive and don't FOMO. The market today saw a BTC dominance of only 50% over the entire market. Why is this good news?
We can start by explaining what it pratically means. The entire Altcoin market cap is worth 50% of the market and BTC is worth another 50%. Now, what happens next may you say?
If BTC starts to rise now and altcoins follow the fifty percent trend we will have more value in Altcoins meaning that Altcoins price will reach much higher values.
In the next few weeks when the negative trend flips up, we can see the major Altcoins like ETH, BCH, LTC, ADA, DOT, Link, XLM, reaching a higher price, if this trend happens the coins behind this will follow the same pattern. At the top of this bull cycle we can see prices that we never seen before.
Remember crypto market has its ups and downs, if you are at a loss you may be in profit in 2 weeks, you never know. Crypto isn't like stocks, crypto is for the strong ones.
In conclusion, continue to hold and supporting your favourite projects.
Best Regards
Cryptopeach
