What you guys see in BTC dominance chart? I see possible top right now.
There is so many crypto projects, and BTC is only one of them. It has longest price history, but it is not technically superior compared to others. BTC does not scale, it sucks a lot of energy and so on... I don't see much reasons why it should continue its parabolic rise. There are those BTC early adopters, who owns heavy bags of BTC, of course they hope that the price goes sky high forever, but I think the reality is different.
There is so many crypto projects, and BTC is only one of them. It has longest price history, but it is not technically superior compared to others. BTC does not scale, it sucks a lot of energy and so on... I don't see much reasons why it should continue its parabolic rise. There are those BTC early adopters, who owns heavy bags of BTC, of course they hope that the price goes sky high forever, but I think the reality is different.
Yorum:
Dominance is actually very hard to predict. If BTC gets adopted more widely, lightning network gets more users, the first Bitcoin killer app is launched, or so on, it's very likely that 35.7% dominance was bottom. However, i'm looking forward some kind of alt season this year.