In order to get "ALT season" like so many people want, ETH/BTC needs to bottom and start trending higher.
As long as ETH/BTC goes lower, then ALT season is delayed.
So many people assume that BTC dominance going higher is a negative thing for crypto, when in reality it is a positive thing.
Alt Season occurs from high Bitcoin dominance levels, not low Bitcoin dominance levels.
Normally Bitcoin dominance does go down in post-halving years, so my assumption is that dominance does end the year in the red at this point, but so far dominance has gone up this year.
A lot of people make me out to the bad guy for talking about the devaluation of ALT/BTC pairs for the last 3 years when I was just trying to showcase the advantages of being Bitcoin heavy rather than altcoin heavy.
If you view my posts about ALT/BTC pairs as "negative" then it is probably because your view of the cryptoverse is warped and you don't understand that Bitcoin leads bull markets, not altcoins.
ETH/BTC has already gone lower than I thought it would go. I don't really want it to go any lower but I also have seen people for 3 years desperately call for alt season only to be wrong time and time again.
If anything, their chances of being right have gone up this year since it is the post-halving year. Regardless of what happens as the year goes on, I think this cycle has taught everyone a lot about how the market cycles work.
Users, developers, and validators can engage with the testnet through Galxe's Quest platform. The Galxe Quest platform will feature activities involving the core chain, its enshrined applications, and projects building in the ecosystem.
https://t.co/uZtGRKa6TJ
The most beautiful supermarket in Italy ✨
You'll find the former Teatro Italia converted into a Despar supermarket in the Cannaregion neighborhood of Venice.
Good Morning from #Germany which is slipping in the global stock market race. Soon, even Nvidia's market value could surpass the combined market cap of the 40 biggest companies listed in Germany's Dax index.
Ready for an exciting Halloween experience? 🎃
Join the Spooky Galxe Carnival in Galxe Discord and win from a 1450 $GAL prize pool!
Join photo submission events, Trick-or-Treating, a Haunted Story mini-game, and claim a Spooky OAT!
More details: https://t.co/TpUrtHoH6k
AHOY! $MEME (@MEMECOIN) IS GOING TO @BINANCE! 🙌
This is not a drill! This is not fake news! This is happening!
$MEME is the 39th (not 69th) project on Binance Launchpool! You only have 7 days! Come join the farming with your fellow Binancians!
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We've just launched a new community education campaign on @Galxe! 🥳
This time, we're inviting you to have a little bit of fun. 👀
Let's take a quick look at what's inside the Watch, Read, and Mint on Taiko campaign. 🧵
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The London Gatwick @easyJet flight taxiing and taking off from @RAF_Gib this morning with the backdrop of some impressive #Levanter cloud over the Rock of #Gibraltar
The #levanter cloud just keeps getting better today! #LevanterSpam