A heated debate is underway in crypto: Is Bitcoin destined to remain king, or will altcoins prevail?
Crypto Lawyer, Bill Morgan, is now fighting claims from Bitcoin Advocate Jesse Myer that “altseason” has been cancelled.
The debate ignited when Myer shared a chart on X illustrating the rapid growth of altcoins since 2021. He argued that the sheer volume of tokens – over 36 million – had diluted their collective market strength, leaving Bitcoin as the dominant cryptocurrency.
“With 36,000,000+ altcoins, altseason has been permanently cancelled,” Myers wrote. He further argued that Bitcoin’s digital scarcity, network effects, and a so-called “Crypto Catch-22” mean it will remain unchallenged in the long run.
Myers explains Crypto Catch-22 as a paradox that many altcoins face. According to this theory, any altcoin that seeks to challenge Bitcoin must have a leadership team and a marketing budget to gain adoption. However, this very structure makes it centralized, unlike Bitcoin, which remains fully decentralized.
Myers also argues that Bitcoin’s dominance is stronger than it seems, comparing its valuation to the top 30 altcoins. His analysis depicts Bitcoin as the “invention of digital scarcity” with a massive circle. Meanwhile, he depicts altcoins, shown as smaller circles, as mere “copies,” suggesting that despite their numbers, altcoins don’t challenge Bitcoin’s market cap dominance.
Related: Altseason Incoming? Breakout Levels for Major Altcoin Rally — Analyst
Morgan dismissed this reasoning as biased. He pointed out that Bitcoin itself is not immune to fragmentation, referencing Bitcoin Cash (BCH) as an example of how Bitcoin, too, has experienced forks.
“That misguided logic imports an artificial distinction between altcoins and Bitcoin in favor of Bitcoin,” Morgan responded.
Per CoinMarketCap, Bitcoin holds a 60.8% dominance in the crypto market. Ethereum trails with an 8.5% dominance while other altcoins collectively account for 30.7%.
Historical trends show Bitcoin’s dominance increasing from 60.0% last month. This aligns with Myers’ argument that altcoins continue to weaken in aggregate market share.
Related: Bitcoin Dominance Surges Past 60% Threshold, Signaling Potential Crypto Market Shift and Altcoin Pressure, Analyst Warns
While Bitcoin’s market dominance has risen since 2021, altcoins continue to innovate, offering functionalities that Bitcoin does not. Ethereum, Solana, and other blockchain networks have developed ecosystems that challenge the idea of Bitcoin as the only relevant cryptocurrency.
However, Myers’ perspective suggests that most altcoins are highly illiquid, with their market caps inflated by dead or dying projects. His chart indicates that when adjusted for this factor, Bitcoin’s real dominance could be even higher than the reported numbers suggest. The debate, it seems, is far from over.
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The February Consumer Price Index (CPI)
The February Consumer Price Index (CPI) data has been released, and it's showing a 0.2% increase in inflation, bringing the headline inflation to 2.8%. This is slightly below market expectations, and it's already causing a stir in the cryptocurrency market.
The crypto market has been highly sensitive to inflation trends, and this latest data release is no exception. With inflation easing, there's a growing expectation that the Federal Reserve may cut interest rates sooner rather than later. This could be a bullish signal for cryptocurrencies like Bitcoin, XRP, Dogecoin, and Cardano, which have already shown notable gains in response to the CPI report.
What Does This Mean for Crypto Investors?:
The impact of the February CPI release on the crypto market can be broken down into several key points:
Rate Cut Expectations: With inflation easing, the likelihood of a rate cut by the Federal Reserve increases. This could lead to a surge in cryptocurrency prices as investors seek higher returns in a low-interest-rate environment.
Increased Adoption: A rate cut could also lead to increased adoption of cryptocurrencies as investors seek alternative assets to traditional stocks and bonds.
Market Volatility: However, it's worth noting that the crypto market is highly volatile, and any changes in inflation trends or interest rates could lead to significant price swings.
Expert Insights:
Several experts have weighed in on the impact of the February CPI release on the crypto market. According to financial podcaster Brian Rose, "This could be a strong catalyst for the bull market... Small caps and crypto could start pumping if the inflation numbers come in positive.
In conclusion, the February CPI release has provided a bullish signal for the crypto market, with expectations of a rate cut by the Federal Reserve and increased adoption of cryptocurrencies. However, as with any market, there's always a level of uncertainty, and investors should be prepared for potential price swings.
🌟 Get Ready for Altcoin Season 2025! 🚀
Hey crypto enthusiasts! 🌐 The buzz around the crypto world is all about the upcoming Altcoin Season. While some believe it might be delayed, recent insights suggest it could arrive sooner than expected! 🔍
📈 Current Market Dynamics:
- As of early 2025, Bitcoin's dominance is still high, which traditionally indicates a delay in altcoin surges. However, analysts are closely watching for Bitcoin's dominance to dip, which could trigger a rapid shift to altcoins. 📉
🔥 Key Indicators to Watch:
- Ethereum ($ETH ), Ripple ($XRP ), and Solana ($SOL ) are leading the charge as the top altcoins for March 2025. These coins boast strong ecosystems and high market caps, making them prime candidates for the upcoming altseason. 💪
🔮 Predictions and Opportunities:
- According to CryptoQuant, a selective alt season is anticipated, driven by ETF narratives and sustainable projects. This means that not all altcoins will surge, but those with solid fundamentals might see significant gains. 📊
💡 What to Expect:
- A potential repeat of the 2017 cycle is on the horizon, with a predicted start date as early as February 14, 2025. This could mean explosive growth for well-positioned altcoins. 🌟
So, keep your eyes peeled and your portfolios ready! The altcoin season might just be around the corner, bringing with it opportunities for those who are prepared. 📈💰
Stay informed and happy trading! 🤑✨
Light of a recent periodic review, Bitget is delisting a total of 73 trading pairs on 18 March 2025,
In light of a recent periodic review, Bitget is delisting a total of 73 trading pairs on 18 March 2025, 10:00 (UTC). Details are as follows:
PORTUMA/USDT, GODL/USDT, LAIKA/USDT, NOOB/USDT, LIFEFORM/USDT, AREA/USDT, RMV/USDT, OMAX/USDT, VEXT/USDT, GXE/USDT, CATA/USDT, UNIO/USDT, TSUGT/USDT, PIKA/USDT, ZKF/USDT, CATCH/USDT, PZP/USDT, SOCIAL/USDT, EMT/USDT, BLASTUP/USDT, CANTO/USDT, DFC/USDT, DAPP/USDT, SML/USDT, SXCH/USDT, KATA/USDT, UNICE/USDT, DUKO/USDT, JUNGLE/USDT, TRC/USDT, XCHNG/USDT, DCK/USDT BEER/USDT,AIX/USDT, RBTC/USDT, KAON/USDT, SIN/USDT, PMG/USDT, CAPS/USDT, UNFI/USDT, KEY/USDT, PGC/USDT, LIQUIDIUM/USDT, SYLO/USDT, XZK/USDT, SNIFT/USDT, BOND/USDT, MCHC/USDT, CAGA/USDT, 10SET/USDT, JOY/USDT, SALD/USDT, CBPAY/USDT, MSTR/USDT, FURY/USDT, GUI/USDT, COMAI/USDT, APRS/USDT, TUP/USDT, HIPP/USDT, GEMS/USDT, BLS/USDT, FORT/USDT, DUEL/USDT, PAW/USDT, XPLA/USDT, HELLO/USDT, SEAM/USDT, OMNIA/USDT, HAPPY/USDT, ELIZA/USDT, SHOGGOTH/USDT, SCIHUB/USDT
Datos sociales de Ternoa
En las últimas 24 horas, la puntuación del sentimiento en redes sociales de Ternoa fue 4, y el sentimiento en redes sociales en cuanto a la tendencia del precio de Ternoa fue Alcista. La puntuación global de Ternoa en redes sociales fue de 18, que se sitúa en el puesto 297 entre todas las criptomonedas.
Según LunarCrush, en las últimas 24 horas, se mencionó a las criptomonedas en redes sociales un total de 1,058,120 veces, y se mencionó al token Ternoa con un ratio de frecuencia de 0%, lo que lo sitúa en el puesto entre todas las criptomonedas.
En las últimas 24 horas, hubo un total de 158 usuarios únicos debatiendo sobre Ternoa y un total de 31 menciones sobre Ternoa. Sin embargo, en comparación con el periodo de 24 horas anterior, el número de usuarios únicos Aumento del un 5%, y el número total de menciones Disminución del un 37%.
En Twitter, hubo un total de 1 tweets mencionando a Ternoa en las últimas 24 horas. Entre ellos, el 100% son optimistas respecto a Ternoa, el 0% son pesimistas respecto a Ternoa y el 0% son neutrales respecto a Ternoa.
En Reddit, hubo 7 publicaciones mencionando a Ternoa en las últimas 24 horas. En comparación con el periodo de 24 horas anterior, el número de menciones Aumento del un 17%.
Panorama social completo
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