ALT Coin Are Waiting For Massive PUMP || Steem Alliance

in Steem Alliance2 years ago

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Assalamualaikum, Ramadan Mubarak to all.
Fellow Dear Steemian. In this blog, I will share my own opinion about the Massive PUMP of All ALT coins. So, I hope this blog is going to be very crazy.


The crypto market has been down for many months. In this situation, the price of all coins/tokens in this market has decreased a lot. Many coins/tokens have touched their all-time lows.

In the last 2 months, the price of Bitcoin started increasing. Which bodes well for the crypto market. But, the value of altcoins or tokens is not increasing at the same rate as Bitcoin. All those who are holders are worried.

They are thinking about when will this market up. In my personal opinion, their wait is going to end very soon. Because, according to the market movement, a massive pump can be observed in the altcoins or tokens in the next few days.

I will share some of its symptoms in this blog. First of all, we need to understand the relationship between Bitcoin Dominance and Bitcoin.



Understanding The Full Bitcoin Dominance Cycle:-

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Collected

According to the chart,

  • When the BTC.D & BTC both are increasing then the altcoins are decreasing.
  • When the BTC.D increase & BTC decreases then the altcoins are decreasing so fast.
  • When the BTC.D increase & BTC is stable then the altcoins are also stable.
  • When the BTC.D decreases & BTC increases then the altcoins are increasing so fast.
  • When the BTC.D decreases & BTC decreases then the altcoins are also stable.
  • When the BTC.D decreases & BTC is stable then the altcoins are increases.


Let's jump into the BTC.D chart & what we can see.

Screenshot_18.png

We can see BTC.D is decreasing in the Daily candle. And it is good news for all alt-coin holders.



Now, look into the BTC chart & we can see BTC is stable or some pumps are going on. It is also good sign for the holders.

Screenshot_2023-03-29-02-34-05-978_com.binance.dev.jpg



According to the BITCOIN DOMINANCE CYCLE, we can see BTC.D decreases & BTC stable or increases. It means that the Altcoins will pump.

Screenshot_2023-03-29-02-34-19-992_com.binance.dev-edit.jpg

And we can see some effects are going on the market. And altcoins are increasing slowly. So, we should wait for the massive pump. It will happen very soon. So, we should keep patience.


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Published On:- 29 March, 2023



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