Altcoin Season Hasn't Arrived Yet, Bitcoin Dominance is Still Strong
2024-09-03
Bittime - Many have been waiting for the Altcoin Season. However, according to Matrixport, Altcoin Season doesn't seem to be here yet. Read this article to find out the full news!
Bitcoin Dominance Still Strong
Bitcoin has been a key pillar of the crypto industry since it was first introduced 15 years ago. In various market conditions, both during bear markets and bull markets, Bitcoin still dominates.
Matrixport noted that Bitcoin's dominance in the market is not only a testament to its fundamental strength, but also reflects investors' growing confidence in this crypto asset.
Read Also: Bitcoin Market Has Turned From Bearish To Neutral
Altcoin Season Hasn't Arrived Yet
One of the main reasons why Altcoin Season hasn't arrived yet is because Bitcoin still dominates the crypto market share. When Bitcoin shows strong performance, interest in altcoins tends to fade.
Investors often prefer to invest in Bitcoin because it is considered safer and more stable than altcoins which tend to be more volatile.
Additionally, altcoins still face a lack in terms of adoption and liquidity. Many altcoins have not yet reached the same level of trust and stability as Bitcoin, making investors more cautious.
Altcoin Season and Bull Market Opportunities
Even though the Altcoin Season hasn't arrived yet, that doesn't mean the opportunity for a bull market is completely closed. Matrixport emphasized that there is always the possibility of a bull market.
Technological developments, wider adoption, or favorable regulatory policies can be factors that trigger price increases in the crypto market, including altcoins.
You need to pay attention to early signs of shifts in the market, such as a decline in Bitcoin dominance or an increase in the trading volume of a particular altcoin.
Read Also: Bitcoin Price: Interest Rate Drop, 2024 US Elections, and US Economic Data
How to Buy Crypto di Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
