2024

<p>The post <a href="https://coinpedia.org/news/bullish-signs-for-altcoins-as-5-year-usdt-dominance-breaks/">Bullish Signs for Altcoins As 5-Year USDT Dominance Breaks</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto market has been facing a tough time, with altcoins experiencing a major drop. Since early March 2024, the total market value of altcoins has plunged from around $1.27 trillion to about <a href="https://in.tradingview.com/symbols/TOTAL2/" target="_blank" rel="noreferrer noopener nofollow">$898 billion</a>. Perhaps of this dramatic decline renowned analyst Moustache believes that this downturn might be ending soon and could signal a positive change for cryptocurrencies. So, what does this mean for the future of altcoins?</p> 
<h2 class="wp-block-heading" id="h-usdt-d-breaks-5-year-trend">USDT.D Breaks 5-Year Trend</h2> 
<p>In a recent tweet, Moustache pointed out a crucial development, USDT.D, which tracks Tether’s market dominance, has recently broken its five-year uptrend. Historically, a drop in USDT.D has been associated with an increase in cryptocurrency prices, suggesting that the market may soon see a reversal of the recent market slump.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <br><br>I think the terribly boring time in the market will soon come to an end.<br><br>I think most people have already forgotten that the USDT.D. has broken a 5 year uptrend to the downside.<br><br>USDT.D down = Crypto up.<br><br>What do you think comes after this bearish retest?<br><br>MANIA. <a href="https://t.co/Me3VggoQ90">pic.twitter.com/Me3VggoQ90</a></p>— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f2.png" alt="🧲" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@el_crypto_prof) <a href="https://twitter.com/el_crypto_prof/status/1825827950815568027?ref_src=twsrc%5Etfw">August 20, 2024</a>
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<p>Moustache believes this drop in USDT.D could signal the start of a broader market rally. As Tether’s dominance decreases, investors might turn their attention back to other cryptocurrencies.&nbsp;</p> 
<p>This shift could provide the boost that <a href="https://coinpedia.org/news/altcoin-season-in-jeopardy-crypto-market-plummets-as-ethereum-solana-suffer/" target="_blank" rel="noreferrer noopener">altcoins need to overcome</a> their recent sluggish performance and experience increased investment and price growth.</p> 
<h2 class="wp-block-heading" id="h-a-ray-of-hope">A Ray of Hope?</h2> 
<p>Despite the doubt over the <a href="https://coinpedia.org/news/heres-exactly-when-to-expect-an-altcoin-season/" target="_blank" rel="noreferrer noopener">altcoin market rally</a>, some analysts see a chance for recovery. Michaël van de Poppe, a well-known crypto expert, advises using Dollar-Cost Averaging (DCA) with altcoins to prepare for the next rise. He notes that Bitcoin’s dominance is changing, which might signal a bounce back for altcoins.</p> 
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   <p lang="en" dir="ltr">Four years ago people stated that we’ll never see a bull cycle again for <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>.<br><br>Hearing it a lot lately. <br><br>We all know what happened in 2017 &amp; 2021. <br><br>We all know what’s going to happen next.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1825596901695303914?ref_src=twsrc%5Etfw">August 19, 2024</a>
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<p>Further Van de Poppe draws a parallel with past bull runs, noting the significant rallies in 2017 and 2021. His tweet suggests that even though altcoins might seem stuck or struggling right now, history shows they can recover and do very well.</p> 
<p>He believes that despite current concerns, altcoins are likely to experience a strong comeback, just as they have in past bull markets.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/news/crypto-market-on-high-alert-how-japans-yen-could-rattle-bitcoin-price/" target="_blank" rel="noreferrer noopener">Crypto Market to Crash? Bitcoin, Ethereum at Risk as Japan’s Yen Strengthens</a></p>

Bullish Signs for Altcoins As 5-Year USDT Dominance Breaks

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