facebookIncrease of Bitcoin and stable decrease in Alt Coin. Does it mean the Alt Coin is failing? - Seedly

Increase of Bitcoin and stable decrease in Alt Coin. Does it mean the Alt Coin is failing?

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Cryotosensei

01 Aug 2023

Blogger at diaperfinancingfund.blogspot.com

Well Dogecoin has been around for 10+ years and is certainly not going away anytime soon. there are so many altcoins out there. I think you got to zero in and study the tokenomics of the specific altcoin you are interested in

Like what @joey said- they are not mutually exclusive. But for now, to answer you- yes.

Time to time it does look like btc is rallying while alts are bleeding, like recent times. As alts are further down the risk curve than btc, there's a few charts to help you ascertain the situation.

BTC.D - bitcoin dominance. It broke out of a ~1yr accumulation range, looking strong against alts now.

TOTAL2 & TOTAL3 - Total marketcap of crypto excluding btc (1) and total marketcap excluding btc & eth (2). Compare these to TOTAL to derive your thesis

TOTAL3/BTC - Gives a clear picture where liquidity and capital is flowing to. Note that this excludes pocket of time where a few alts (outliers) can rally aggressively and outperform btc, because their mcap is so miniscule and insignificant, it does not reflect on this chart.

Hope this helps.

They are not mutually exclusive. Good analogy = a big balloon holding 3 smaller balloons. Big balloo...

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