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- Bitcoin dominance falls as BTC takes another market hit.
- Falling BTC prices means greater altcoin prices.
- Ripple’s XRP could pump to $168 after a 6,800% pump.
Bitcoin dominance persists despite the current ongoing market dip that took the BTC price from $108,000 ATH to the current trading price of $101,000. In the eyes of some analysts this Bitcoin dominance is the reason behind the delay of altseason which is anticipated to lead to several new ATHs for popular altcoins.
So far into the crypto bull cycle, many analysts believe that altseason has arrived earlier this cycle which lead to some altcoins like SUI and ONDO to already hit new ATHs. However, these altcoins and several others like XRP, ADA, SHIB, DOGE, and more continue to show incredibly bullish signs despite having already been pumped.
Bitcoin Dominance Persists Delaying Altseason
“WHY ARE ALTCOINS STILL NOT PUMPING?”
“BITCOIN IS AT $105,000”
The answer is simple:
Bitcoin Dominance.
All we need for Altseason to begin is a Bitcoin Dominance reversal.
Right now, it is at 57%.
The 60-65% region was my max target range for Bitcoin Dominance this cycle.…
— CryptoReviewing (@CryptoReviewing) December 18, 2024
This signals the start of a highly bullish altseason, the likes of which matches that of the parabolic altseason that took place in 2021. One analyst highlights that Bitcoin Dominance still persists as a score of 57%. The analyst highlights how this number has fallen from 62% marking the beginning of a reversal where altcoins will eventually take over. https://x.com/JavonTM1/status/1869549362671677783 He says that when this Bitcoin Dominance fully reverses, altcoins will go on to pump from 2x, 5x to 10x and ever higher giving their holders high returns in a matter of days and weeks. One such altcoin showing incredible promise for significant returns is Ripple’s XRP. As we can see from the post above, XRP is one the path to see a climb of over 6,800 to hit $168. Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision. XRP Could Hit $168 After 6,8000% Spike
