Bitcoin Dominance tanking, altcoin season to keep going? Good news for STEEM

in hive-175254 •  4 years ago 

Bitcoin Dominance looks like it is in all out free fall

For those of you wanting an altcoin season it looks like you are getting your wish.

Even if bitcoin is to go up here, it looks like altcoins will do even better as the dominance index is somewhat falling off a cliff.

We are currently at the lowest level since July of 2019.

Sees:

(Source: https://twitter.com/moonshilla/status/1293471419419025408/photo/1)

Looking at the above chart and it may mean altcoin season is to continue for some time to come.

Hopefully that spells good news for our beloved STEEM.

Many altcoins are having a monster last few months while STEEM is mostly going sideways.

Hopefully that is just it taking a bit longer to tag along and not a sign of things to come.

It also had some good news yesterday which can be seen here:

https://steemit.com/steem/@steemitblog/steem-and-just-partnership-and-resteem-retweet-challenge

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Welcome to Project HOPE @jondoe

This is definitely good news, I will be looking forward to your next publication in our community🙂
Regards😉

looks like our time has come you remmeber when steem reached 10$+ rate ?
I hope now the days will come again .

Even if bitcoin is to go up here, it looks like altcoins will do even better as the dominance index is somewhat falling off a cliff.

Lets wish for the best :)

Btw welcome to Project Hope 🙂😉

I am also enthusiastic about the days and weeks to come, and I am convinced that as long as BTC doesn't collapse, the alt season will go on. If BTC will collapse, people will get afraid, and sell their alts as well. And to be honest, it would be great to see Steem move some more as well!

I read the article about the partnership with Just, and I have got to say that it makes me happy and it is giving direction. It also shows that Justin Sun and Tron has a plan for the platform, and they didn't just buy it to trash it, but they really want to use it... In other words, I am very positive to this recent partnership!

I am perfectly waiting for the alt coin season. I will be glad reading more of your post in the project hope community

Greetings @jondoe, what good news, the fact that the altcoins rise would generate great expectations for our steem, hopefully it will crystallize soon.

See you later, thanks for sharing such important information !

Hi @jondoe, I agree with your prediction about the bitcoin price. I saw a lot of sharks selling BTC. I'll keep an eye for the next days on the crypto markets.

Welcome to Project Hope, our community has a lot of crypto enthusiastic people.

Cheers!

I think finally the long bull run we have been waiting for in the cryptocurrency world and for the altcoin world is just around the corner. I can smell positivity around the corner

Unfortunately a lot of altcoins have already done well, steem not included. We need that to change sooner rather than later.

Yes, that was great news, that association I think is going to bring a good wave up, I think many of us are waiting for that. I did not live that moment of Steem in high prices, but I am still here after two and a half years, and what I lack to be.
Waiting for much better times to come.
I hadn't noticed that BTC was losing its dominance, but it's good to know...
Thank you for sharing this hopeful information.

You know I nearly screamed 'altseason! ' last month, altcoin movements were insane and that has continued. I'll love to see btc dominance go back to 40% and even lesser (I'm an altcoin guy...lol). And steem will surely move, it's a matter of 'when' not 'if'

Hi @jondoe

I think that in some way this is good news for our Steem, we always have the hope that it will go ahead in spite of the circumstances that we have to face.

As for Bitcoin, it will continue to set the tone, even though the altcoins are also showing their strength.

Yes hopefully it gets included in the rally at some point here. Thank you for the warm welcome all of you guys have given.

Hi @jondoe Welcome to PH community! Glad to have people like you!
I hope BTC will go up and break through the 12K wall, but it seems like there is always a push back. I don't have much but my tezos is doing well last few days :)

Glad to hear it! BTW what are "people like me"?

people like you and me and others who want to support PH!

Excellent news for all altcoin in general, especially for steem, let's hope it reaches a stable price. Greetings and thanks for this valuable contribution.

That's what I want to hear friend, a lot of good news, this year 2020 has been a disaster and a upload of our beloved steem would be great, welcome to the project hope family

Hi friend, excellent information, it would be great for all of us if steem could benefit from all this, I think that is what we all hope will happen. Thank you for sharing that information.

@jondoe bitcoin dominance is slowly decrease as we have seen many new project are coming and are doing in the market recently we have seen defi products.

Welcome to the ph community and have a nice stay. 🙂

Good news coming? Let's hope for the best.

So far it hasn't done much, but hopefully it will eventually play catch up.