Bitcoin Is Heating Up Once Again
Just something about business, markets and crypto that all seem to match up. Come summer everything just seems to die out.
That is until those kiddos go back to school when everything starts heating up again in August and then the rest of the year.
Bitcoin has followed this track as well for years and bitcoin right now is in the priming spot which should explode late September and into the new year!
What we have seen though is bitcoin is doing awesome but every other crypto seems to be dying out. With bitcoin now holding a dominance of 48.6% which continues to slowly climb. So the question is are alt coins pretty much dead now? We the market cap for alt coins create more failed projects or is this normal and happens in swings where these next few months Bitcoin shine and in the new year alt coins shine?
STEEM is in no way a failure. The amount of DaPPS on this platform are growing and pulling people in. I think STEEM is a great blockchain that is very valuable with great future potential.
Do you know any site that provides updates on where the major alt coin projects stand?
Really it is fluctuating to touch the zenith and breaks its all time high
It's been a slow bleed, let's see what happens. Im not really seeing new people entering the market right now. :)
I remember that a saying used on wall street for the stock market was “sell in May and go away” given the underperformance sometimes seen in the months if summer due to lower liquidity. I am also surprised on how high the BTC dominance has gone but it could very well be due to investors allocating more value to adoption than hype and potential. It would make sense as adoption is the key to any project being able to realize its true value.
We KNEW it was gonna happen, it was always a matter of when!
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