Altcoins Slowly Gain Dominance
This monthly dominance chart shows that we're at a historical support line that has held since the inception of alts beginning to take over the market back in 2014. This shows a clear sign the market is beginning to develop an appetite for risk moving into the end of the year, and will likely dramatically increase in 2024.
I don't belive this will happen overnight, but it would seem now is a good time to start accumulating Alts for the 2024 run. Bitcoin domiannce has run very hard over the last few months, i expect this will slow down as we get closer to 2024 and traders start to roll their profits into more risky assets to increase their overall returns.
I don't belive this will happen overnight, but it would seem now is a good time to start accumulating Alts for the 2024 run. Bitcoin domiannce has run very hard over the last few months, i expect this will slow down as we get closer to 2024 and traders start to roll their profits into more risky assets to increase their overall returns.
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