Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Shiba Inu: Sleeping whale moved 100b Shib – will the price fall further?

2025-06-06

The most important economist of Wells Fargo warns that the US economy is ‘skating quite close to a recession’ – here is his prospects

2025-06-06

FCA knew the path for UK Retail Crypto ETF trade – Child of

2025-06-06
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Polyhedra network launches ZKPYTORCH, which may improve the scalability of Ethereum and AI

    2025-06-06

    Moroccan researchers tap blockchain for diploma fraud prevention

    2025-06-06

    Kommunitas and Nativ Forge Alliance to transform Real-World digital economies

    2025-06-06

    Shards Protocol lands $ 2 million from Animoca, YGG to grow web3 Identity Layer

    2025-06-05

    Soonchain Fores Partnership with Rei Network to define web3 gaming

    2025-06-05
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    FCA knew the path for UK Retail Crypto ETF trade – Child of

    2025-06-06

    Anthropic CEO calls for AI transparency, argues against Trump Bill’s decade-long state-controlling freezing

    2025-06-05

    Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

    2025-06-05

    Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

    2025-06-05

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04
  • Analysis

    The most important economist of Wells Fargo warns that the US economy is ‘skating quite close to a recession’ – here is his prospects

    2025-06-06

    A purchase option or warning sign?

    2025-06-06

    Circle makes Wall Street debut as the first major stablecoin -mittent on NYSE

    2025-06-06

    ZK-proof Blockchain Altcoin Lagrange (LA) is getting away after the announcement of new Coinbase support

    2025-06-05

    Successful retest of Breakout zone sets phase for the next leg higher

    2025-06-05
  • Learn

    What Is Crypto Staking? A Beginner-Friendly Guide

    2025-06-05

    What Are Liquidity Pools? A Beginner’s Guide

    2025-06-05

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Why Bitcoin’s dominance may not stop the historical pattern of altcoins
Altcoins

Why Bitcoin’s dominance may not stop the historical pattern of altcoins

2023-10-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • The expected altcoin season could still happen before Bitcoin’s next halving.
  • Altcoins such as INJ, LINK and SOL are showing signs of strength and readiness for a rally.

This was the case for most of the second half (H2) of 2023 speculation that an altcoin season was coming. But to the disappointment of the long-awaited people, altcoins could not live up to the expectations.


How many Worth 1,10,100 BTC today?


For context, an altcoin season describes a period when cryptocurrencies are performing better Bitcoin [BTC].

Patience is the name of the game

However, trader and founder of MN Trading Michaël van de Poppe believed that this possibility should not be written off. He believed that Bitcoin’s increasing dominance could have put an end to the development of the Bitcoin crisis initial altcoin sentiment.

The analyst also said that this cycle, which is the longest bear market on record, may also have pushed altcoin season forward.

#Altcoins are in the latter part of the bear cycle.

Yes, it feels relatively painful. The sentiment has completely disappeared, no interest in crypto.

The only thing that moves is #Bitcoin and still you have to crack some levels.

The end is near for the bear market. Read here👇… pic.twitter.com/TLijWdMNKF

— Michaël van de Poppe (@CryptoMichNL) October 18, 2023

AMBCrypto previously had that reported whose rise to Bitcoin market dominance has set back its strength Ethereum [ETH], Ripple [XRP]And Binance coin [BNB].

Despite the weakness shown by these cryptocurrencies, Van de Poppe noted that the historic altcoin season would occur before Bitcoin’s halving in 2024.

See also  Vitalik Buterin's $530,000 Ethereum Transfer: Impact on ETH?

Furthermore, the analyst defended his point by giving an example of tokens that performed well.

According to van de Poppe, the strength shown by people like Solana [SOL], injective [INJ]And Chain link [LINK] is proof that the current cycle would be no different than the previous one.

At the time of writing, INJ was up 10% in the last 30 days. Left performance during the same period there was also an increase of 8.76%, while SOL had more at 18.42%.

Chainlink, Injective and Solana price action

Source: Santiment

The market may be prepared for altcoins

But price action isn’t the only metric that can impact potential performance. Other statistics related of network activity can also help predict how far a cryptocurrency’s value can go.

For starters, Injective’s 30-day active addresses doubled between October 15 and the time of writing.

Active addresses show the level of interaction around a project. So the rise in the benchmark suggests that there was a lot of speculation (possible accumulation) around INJ.

In a case where the interaction maintains the status quo, INJ’s price may not be far away from a substantial increase.

Another metric to consider in this regard is token circulation. But this time the focus is on Chainlink.

At the time of writing, LINK’s circulation (30d) had fallen to 52.12 million, meaning many of the tokens have not been used and have remained inactive within the aforementioned time frame.

Chainlink circulation and injective active addresses

Source: Santiment


Realistic or not, here it is LINK’s market cap in ETH terms


Typically, an increase in circulation would have suggested high sales pressure. But circulation has decreased and LINK can continue to exist tight up to $7.

See also  Top reasons why Bitcoin price today, May 21, came in new ATH

Moreover, Van de Poppe concluded that Ethereum’s weak press time was a sign of the latest correction against Bitcoin. This could allow altcoins to be close to bottoming and preparing to gain an edge.



Source link

Altcoins Bitcoins Dominance Historical pattern Stop
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Shiba Inu: Sleeping whale moved 100b Shib – will the price fall further?

2025-06-06

Bitwise CIO refers to progress for approval of XRP ETF

2025-06-06

BNB – Signs of accumulation, but should traders wait for a dip instead?

2025-06-06

Can bulls defend this critical level of support?

2025-06-05
Add A Comment

Comments are closed.

Top Posts

The EU digital product passport focuses on sustainable fashion

2023-08-30

Forbes immortalizes its ‘Under 30’ list on the Blockchain (@Forbes, are you sure you want to do that?)

2023-11-30

Bitcoin’s Bulls take control of the market because BTC gets high for a month

2025-04-23
Editors Picks

CLS Global begins a partnership with Sign for transparency and security

2024-06-18

Bitcoin Hashrate Hits New All-Time Amid Spot ETF Frenzy

2024-01-14

Understanding Blockchain Well with Dr. Paolo Tasca

2023-10-22

Expert predicts a $6 price target as buying pressure increases

2024-11-24

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Shiba Inu: Sleeping whale moved 100b Shib – will the price fall further?

The most important economist of Wells Fargo warns that the US economy is ‘skating quite close to a recession’ – here is his prospects

FCA knew the path for UK Retail Crypto ETF trade – Child of

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,600.77-2.46%
  • ethereumEthereum(ETH)$2,450.85-6.78%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.13-3.64%
  • binancecoinBNB(BNB)$640.20-4.08%
  • solanaSolana(SOL)$147.02-4.40%
  • usd-coinUSDC(USDC)$1.000.02%
  • tronTRON(TRX)$0.2768371.19%
  • dogecoinDogecoin(DOGE)$0.174821-8.12%
  • cardanoCardano(ADA)$0.64-5.98%
  • hyperliquidHyperliquid(HYPE)$34.52-2.72%
  • suiSui(SUI)$2.98-6.63%
  • chainlinkChainlink(LINK)$13.16-5.42%
  • stellarStellar(XLM)$0.260170-2.80%
  • avalanche-2Avalanche(AVAX)$19.21-5.22%
  • unus-sed-leoUNUS SED LEO(LEO)$8.77-1.93%
  • bitcoin-cashBitcoin Cash(BCH)$384.20-4.90%
  • the-open-networkToncoin(TON)$3.08-3.70%
  • shiba-inuShiba Inu(SHIB)$0.000012-5.67%
  • hedera-hashgraphHedera(HBAR)$0.164087-2.72%
  • litecoinLitecoin(LTC)$84.14-4.85%
  • polkadotPolkadot(DOT)$3.90-3.64%
  • moneroMonero(XMR)$319.420.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.58-3.39%
  • piPi(PI)$0.62-4.52%
  • pepePepe(PEPE)$0.000011-9.96%
  • uniswapUniswap(UNI)$6.02-5.29%
  • aaveAave(AAVE)$246.31-7.13%
  • bittensorBittensor(TAO)$361.26-5.27%
  • okbOKB(OKB)$49.93-0.30%
  • crypto-com-chainCronos(CRO)$0.098118-2.32%
  • aptosAptos(APT)$4.58-5.01%
  • nearNEAR Protocol(NEAR)$2.30-6.39%
  • internet-computerInternet Computer(ICP)$4.94-6.82%
  • ethereum-classicEthereum Classic(ETC)$16.51-4.82%
  • ondo-financeOndo(ONDO)$0.79-4.72%
  • gatechain-tokenGateToken(GT)$18.64-2.75%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • kaspaKaspa(KAS)$0.082195-1.97%
  • mantleMantle(MNT)$0.64-4.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.203229-5.98%
  • vechainVeChain(VET)$0.022906-3.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.76-10.93%
  • render-tokenRender(RENDER)$3.64-4.16%
  • ethenaEthena(ENA)$0.291641-7.88%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.79%
  • worldcoin-wldWorldcoin(WLD)$1.05-7.39%
  • filecoinFilecoin(FIL)$2.41-6.84%
  • bitcoinBitcoin(BTC)$102,600.77-2.46%
  • ethereumEthereum(ETH)$2,450.85-6.78%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.13-3.64%
  • binancecoinBNB(BNB)$640.20-4.08%
  • solanaSolana(SOL)$147.02-4.40%
  • usd-coinUSDC(USDC)$1.000.02%
  • tronTRON(TRX)$0.2768371.19%
  • dogecoinDogecoin(DOGE)$0.174821-8.12%
  • cardanoCardano(ADA)$0.64-5.98%
  • hyperliquidHyperliquid(HYPE)$34.52-2.72%
  • suiSui(SUI)$2.98-6.63%
  • chainlinkChainlink(LINK)$13.16-5.42%
  • stellarStellar(XLM)$0.260170-2.80%
  • avalanche-2Avalanche(AVAX)$19.21-5.22%
  • unus-sed-leoUNUS SED LEO(LEO)$8.77-1.93%
  • bitcoin-cashBitcoin Cash(BCH)$384.20-4.90%
  • the-open-networkToncoin(TON)$3.08-3.70%
  • shiba-inuShiba Inu(SHIB)$0.000012-5.67%
  • hedera-hashgraphHedera(HBAR)$0.164087-2.72%
  • litecoinLitecoin(LTC)$84.14-4.85%
  • polkadotPolkadot(DOT)$3.90-3.64%
  • moneroMonero(XMR)$319.420.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.58-3.39%
  • piPi(PI)$0.62-4.52%
  • pepePepe(PEPE)$0.000011-9.96%
  • uniswapUniswap(UNI)$6.02-5.29%
  • aaveAave(AAVE)$246.31-7.13%
  • bittensorBittensor(TAO)$361.26-5.27%
  • okbOKB(OKB)$49.93-0.30%
  • crypto-com-chainCronos(CRO)$0.098118-2.32%
  • aptosAptos(APT)$4.58-5.01%
  • nearNEAR Protocol(NEAR)$2.30-6.39%
  • internet-computerInternet Computer(ICP)$4.94-6.82%
  • ethereum-classicEthereum Classic(ETC)$16.51-4.82%
  • ondo-financeOndo(ONDO)$0.79-4.72%
  • gatechain-tokenGateToken(GT)$18.64-2.75%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • kaspaKaspa(KAS)$0.082195-1.97%
  • mantleMantle(MNT)$0.64-4.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.203229-5.98%
  • vechainVeChain(VET)$0.022906-3.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.76-10.93%
  • render-tokenRender(RENDER)$3.64-4.16%
  • ethenaEthena(ENA)$0.291641-7.88%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.79%
  • worldcoin-wldWorldcoin(WLD)$1.05-7.39%
  • filecoinFilecoin(FIL)$2.41-6.84%