BTC Dominance and Altcoin fuel by NFT games

in zzan3 years ago


-BTC dominance has been rising and almost hitting 50% for btc. Similar buildup too. Wonder if it's the new money flowing in or altcoin flowing back to btc which one has a higher weightage.
-Prior to the previous 2017 Dec top, btc dominance drop as eth and altcoin rally (money flow : money>btc>eth/altcoin)
-From Jun 2017 onwards, overall market rally with BTC dominance rising back (money flow : money>btc>altcoin hype), eth share drop and altcoin share surpass eth and keep rallying.
-Currently, looks like btc dominance is picking up, want to see altcoin dominance over take eth which can likely be fuel by the 'NEW' NFT gaming attention. I wonder how many NFT game popping up per day wanting to the next #axieinfinity.
-With Axie infinity setting the leading metric and potential, the overall NFT gaming coins are also rallying

-Retest the 40k resistance zone and structure building up which is good for bull
-Possible TD9 candles reversal on daily
-If the buildup fails to make higher highs, want to see it retest support near 34655 and bounce off for lower low

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62952.72
ETH 2429.38
USDT 1.00
SBD 2.56