Topic: Altcoins Outperform Bitcoin, Traders Cautiously Await Breakouts (Read 83 times)

The fact that if altcoins can't outperform bitcoin right now. Bitcoin gets a small decrease but altcoins are facing major decrease like this time. This means if altcoins are not so strong as bitcoin in term of stability on its price.
This time bitcoin is facing another dump and yeah you can see the fact.


Keep dreaming with your joke token that's not even worth $1. You may need wait for 100 years or more to see your koinos will worth a few dollars. I think that if you are being too optimistic with your token while you do know that so well if your token is worthless right now with no volume.

For now, altcoins are following bitcoin, its dominance is gradually falling as investors see more prospects in the altcoin zone. I see that many altcoins started to come out of accumulation zones, which have been stretched since the end of last year and are already ready for a full-blown bull run. Everyone in the market is waiting for a full-fledged altcoin season. In any case, over the last 30 days, altcoins started to bring good profits.

Koinos will go x100 or maybe x500 like when ETH was still $0.25 or $5. Its got zero fees and a great hardworking team with daily updates on github

Bullish sentiment is returning to crypto markets after a sluggish start to the year. The recent outperformance of alternative cryptocurrencies (altcoins) indicates a greater appetite for risk among traders.
Bitcoin (BTC) and ether (ETH) were down 1% over 24 hours, compared with an 8% rise in Cardano's ADA token and a 3% jump in dogecoin (DOGE). Meanwhile, LRC, the native token on the Ethereum scaling network Loopring, rallied as much as 34% after the blockchain project shared an update on its partnership with GameStop (GME).
Some analysts expect crypto prices to remain elevated over the short term, albeit in a higher range. That means a relief rally could be short-lived. For reference, BTC's prior range between $30,000-$40,000 earlier this year preceded the current range between $40,000-$45,000, indicating a decline in selling pressure.

"There will be an upper limit to prices of risk assets, depending on how big [Federal Reserve] rate hikes will be," Justin Chuh, a trader at Wave Financial, said during an interview with CoinDesk. Chuh also mentioned that some traders have not been picking price bottoms. Instead, traders have been unwinding downside hedges and selling volatility contracts as prices stabilize, according to Chuh.
From a technical perspective, short-term indicators are improving for bitcoin. "We expect recent highs near $45,000 to soon be cleared as a positive catalyst," Katie Stockton, managing partner at Fairlead Strategies wrote in a report. "A breakout earlier this month suggested bitcoin has upside toward $51,000."

Source: https://www.coindesk.com/markets/2022/03/23/market-wrap-altcoins-outperform-bitcoin-traders-cautiously-await-breakouts/