WE must be about two months into the second altcoin season and BTC dominance is holding between about 59.9% and 62%. This is different to the first altcoin season when it crashed to at one stage about 40%.
It would seem that instutions large companies and retail buyers are holding it up even when the price falls back it is small compared to previous drops .Hopefully this si a variation on what I predicted before the Altcoin season mark 2 started that BTC would go way out in front due to the instos interest. I also predicted that ETH would pull while being behind BTC by a lot would still be well ahead of others . I am not so sure of ETH future now.
The altcoins would seem to be fighting it out among themselves for market share with some being pumped up and then having the rug pulled out from under them as they become illiquid . A NFT is only worth what its underlying asset is worth
https://cointelegraph.com/news/opensea-collector-pulls-the-rug-on-nfts-to-highlight-arbitrary-value
To those who think that they cannot lose and only Make money that thinkiing is exactly what drew people in 2017 and many lost a lot
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