New Era

Bitcoin

when

Zero

<p><strong>The Bitcoin bullish rally reignites a blazing controversy among cryptocurrency investors. With a meteoric rise in recent months, the dominance of the queen of cryptos in the global market fuels two camps with radically opposing views. On one side, some predict a massive amplification of this hegemony. However, others assert that it’s the swan song for Bitcoin, destined to lose ground to altcoins in the long run.</strong></p>
<h2 id="h-the-reasons-for-a-new-era-of-bitcoin-domination">The Reasons for a New Era of Bitcoin Domination</h2>
<p>The recent historic highs of Bitcoin only strengthen the convictions of its most fervent supporters. For them, the ascending triangle formed on the domination charts is just the prelude to a new bullish tide. Like Benjamin Cowen, who believes that ”&nbsp;the Bitcoin domination train is about to leave the station&nbsp;“.&nbsp;&nbsp;</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Famed analyst Beanie goes even further, believing that the current scenario eerily resembles the <a href="https://www.cointribune.com/en/bitcoin-a-dip-below-50000-before-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">bear market</a> of 2018. “At that time, the preference had shifted towards Bitcoin, a safe haven offering more stability than altcoins,” highlights the investor. This, according to Beanie, suggests an imminent surge in Bitcoin’s dominance beyond the current 50%.</p>
<h2 id="h-the-harbingers-of-a-historic-decline">The Harbingers of a Historic Decline?&nbsp;&nbsp;</h2>
<p>Yet, the opposition does not back down in the face of Bitcoin’s <a href="https://twitter.com/intocryptoverse/status/1773149140811170268?s=46&amp;t=zj7ICl0Lw9vdTKh741lFIQ" target="_blank" rel="noopener noreferrer nofollow">maximalist theses</a>. Among the most vehement critics, analyst Zero Ika points to a long-term bearish trend. “The logarithmic chart unequivocally shows that Bitcoin’s dominance is in a global decline when one steps back,” asserts the trader.</p>
<div class="affiliate-button"><span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/newsletters/" data-target="_blank" data-rel="noreferrer noopener">Découvre notre newsletter gratuite</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">Ce lien utilise un programme d’affiliation</span>
</div>
<p>This rhetoric resonates with investors convinced of the inevitable rise of decentralized alternatives. For them, the advent of more scalable, energy-efficient blockchains offering new use cases is the promise of a rebalancing of forces at play.</p>
<p>Furthermore, many warn against the risks of an overly concentrated crypto market around a single asset. A scenario that would increase regulatory threats looming over the sector, according to these skeptics.</p>
<p>Although current figures favor bitcoiners, history might prove them wrong in the long run. In this war of interpretations that rages on, <a href="https://www.cointribune.com/en/bitcoin-vs-altcoins-the-battle-for-dominance-rages-on-who-will-prevail/" target="_blank" rel="noopener noreferrer nofollow">each camp</a> advances its arguments hoping to have the last word. One thing is certain: the coming months will be decisive in determining whether the hypothesis of an extended reign or the end of a long cycle of Bitcoin’s dominance prevails. Meanwhile, investors will have to deal with the high volatility of a market more fragmented than ever.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Acheter ses premières cryptos avec la plateforme Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>

Bitcoin could make way for altcoins!

목차

Cointribune EN

2024년 3월 30일에 게재된 다른 기사

Analyst Points to Key Levels for AVAX’s Potential Rebound

AI Governance Enhanced Across U.S. Federal Agencies with New Management Protocols

US court shoots down Custodia Bank bid for Fed master account

Can Cardano (ADA) Price reach $10 After Bitcoin Halving?

Binance Clamps Down: A New Strategy To Exclude US Traders Unveiled

Fox Journalists Says XRP Won’t Make You Rich, Here’s Why

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!