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BITCOIN (BTC) has had a phenomenal and exciting run so far, running up to test (and probably break) the previous all-time high for the BTC market cap! Are the altcoins about to shine now?? Let’s do some cryptocurrency analysis!
Bitcoin might be at the top of the move for taking off faster than the altcoins. Can we see some money flow into the altcoin space now and prepare for the altcoins to absolutely dominate compared to Bitcoin (BTC)? We know that traditionally, Altcoins pick up during bull markets which shoots down the dominance. If that’s the case for the upcoming 2021 bull market, then we are about to be witnessing HUGE and INSANE gains for the altcoin space.
There are so many factors that we can think will lead the altcoin space to see higher highs. This next bull run is definitely set to see a LOT of retail money coming into the crypto space. Institutional money is high, but the retail money is really what drives this space, specifically the altcoin space. Cryptocurrencies like Ethereum, Litecoin, Chainlink, even XRP, and more are just a very small handful of the big-name coins that can help drive adoption, acceptance, and hype. Realistically though, we will likely see a majority of the top 100 cryptos at least striking up higher highs for market cap and overall price points.
The crypto news is VERY bullish. There’s more adoption, utilization, acceptance, and freedom for people to use and benefit from cryptocurrency in their lives. We know the altcoins can definitely shine in the upcoming crypto market. As always, it takes that PATIENCE factor to wait out the hype of BTC, and once that happens, we will get a surge of new buyers into this space which will undoubtedly send altcoins into a frenzy. Likely, I think we’ll see altcoins accounting for 60-70% of the crypto total market cap.
In the video and channel for this episode: altcoins, altcoins for 2020, altcoin season, altcoin news, bitcoin news today, btc and altcoin crypto and cryptocurrency info, and much MORE!!!
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The content in this video is my own personal opinion which I have made from my own personal analysis. The views are my own beliefs. Always be cautious when investing in cryptocurrencies. This should not be treated as financial advice. Never invest more than you can afford to lose.
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