Bitcoin Dominance and BTCX Index
The BTCX index has been steadily growing since mid-2018. What do you think it means?
To answer your question: I think the altcoins have a hard time to deliver up their promises. The influence of blockchain technology has remained fairly limited to date (which does not mean that this will remain the case). Investors no longer easily follow the umpteenth 'to the moon' coin. The market has become more cautious and realistic. Hence the choice for the bigger players in the market. These coins have the same difficulties, but a bigger name gives a sense of security I guess. It's a fact that everyone is inexperienced in how long blockchain development actually takes, so many roadmaps hold absolutely no relevance anymore. Many projects has since learned some hard lessons. Altough it's still volatile, I see now a market that's moving ahead more realistically and steady. And that's not a bad thing.
a month ago
It's uncharted territory, the future may not be like the past. The ICO phase may have passed. Either that or the altcoin season is just late, but it's looking like they are being left behind. I can't help but look at the altcoins like the dotcom bubble. Let's hope they revive, though it may never be to their former BTC prices.
a month ago
If you look at BTC and ETH last cycle, ETH did not start its "alt season" until BTC broke the previous cycle highs of $1,200
25 days ago
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