2024

Solana

Bitcoin

Million

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Crypto entrepreneur&nbsp;<a href="https://x.com/Excellion/status/1768032607948997009?s=20" rel="noopener noreferrer nofollow">Samson Mow</a> has sparked concerns in the digital currency market with his recent warning about an impending crash in altcoins. Mow, known for his bullish stance on Bitcoin and advocacy for a staggering $1 million per BTC, emphasized the unsustainability of altcoin gains compared to Bitcoin's robust performance.
Highlighting the significant difference in daily inflows between&nbsp;<a href="https://u.today/bitcoin-etfs-poised-for-success-expert-forecasts-full-survival" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> and other cryptocurrencies, Mow cautioned that altcoins lack the substantial investment influxes that Bitcoin enjoys, making their gains precarious. He pointed out the astronomical market cap of altcoins like&nbsp;<a href="https://u.today/solana-sol-to-hit-ath-but-theres-major-problem" rel="noopener noreferrer nofollow">Solana</a>, juxtaposed with companies like MicroStrategy (MSTR), indicating an imbalance on the market.
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 Solana market cap is $73B, whereas <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MSTR</a> is $30B. That’s just nuts. Alts are overdue for a major correction.— Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1768033468062335426?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 13, 2024</a>
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Responding to inquiries about potential market dynamics, Mow expressed anticipation for an unprecedented scenario: a significant dip in altcoins concurrent with Bitcoin's continued ascent. This prediction suggests a divergence from the typical pattern, where altcoins follow Bitcoin's movements, potentially signaling a unique market trend.
<h2 dir="ltr" id="bitcoin-owns-spotlight">Bitcoin owns spotlight</h2>
Data from the Total 2 Index reveals the current capitalization of the altcoin market at a staggering $1.246 trillion, indicating substantial growth of 66.77% since the year began. However, Bitcoin remains the dominant force, boasting a capitalization exceeding $1.4 trillion, with a 72% increase in value over the same period.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="b1872fa7-6259-4854-b2c3-df9f362667e0" src="https://u.today/sites/default/files/inline-images/TOTAL2_2024-03-14_14-15-25.png">Source: <a href="https://www.tradingview.com/x/hzCWhsjj/" rel="noopener noreferrer nofollow">TradingView</a>
These figures underscore Mow's assertion that&nbsp;<a href="https://u.today/veteran-trader-peter-brandt-reveals-rare-bitcoin-price-chart" rel="noopener noreferrer nofollow">Bitcoin</a> continues to attract the lion's share of capital investment, leaving altcoins trailing behind.
Mow's cautionary stance comes at a pivotal juncture, urging investors to tread cautiously amid the evolving dynamics of the crypto market. As speculation mounts and extreme greed is everywhere, his words serve as a poignant reminder of the inherent risks inherent in the pursuit of astronomical gains in the altcoin arena.

Altcoin Crash Imminent, '$1 Million for Bitcoin,' Advocate Samson Mow Warns

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