Just like all of the other altcoins, #2 Ethereum has broken out of its longterm downtrend and is now starting to gain in satoshi value. This downtrend has been holding the price low for over 16 months...
This month, Ethereum should close over the monthly level and regain its uptrend before really taking off in price in Nov-Dec.
Ethereum is more mature than XRP, so it moves a little bit more slowly than it. XRP has already closed over its monthly and regained its uptrend, while Ethereum has just bottomed out.
This chart as well as the XRP/BTC one I just posted directly relate to why I believe that the Bitcoin dominance has topped out.
Altcoins lose value in satoshis = Bitcoin Dominance Peaking
Now, the tables have turned and slowly but steadily, all of the altcoins are increasing every single day, while Bitcoin hovers around 8200.
As always do your own research, I am not a financial advisor.
This month, Ethereum should close over the monthly level and regain its uptrend before really taking off in price in Nov-Dec.
Ethereum is more mature than XRP, so it moves a little bit more slowly than it. XRP has already closed over its monthly and regained its uptrend, while Ethereum has just bottomed out.
This chart as well as the XRP/BTC one I just posted directly relate to why I believe that the Bitcoin dominance has topped out.
Altcoins lose value in satoshis = Bitcoin Dominance Peaking
Now, the tables have turned and slowly but steadily, all of the altcoins are increasing every single day, while Bitcoin hovers around 8200.
As always do your own research, I am not a financial advisor.