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You are at:Home » Bitcoin Dominance Falls: Here’s Why An Altcoin Season Is Upon Us
Industry Viewpoint

Bitcoin Dominance Falls: Here’s Why An Altcoin Season Is Upon Us

The dominance of Bitcoin (BTC) might start to wane soon, giving other cryptocurrencies a chance to gain momentum and potentially triggering the altcoin season.
Neelesh RoyBy Neelesh RoySeptember 25, 2024No Comments4 Mins Read
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Bitcoin Dominance Falls Here’s Why An Altcoin Season Is Upon Us
Bitcoin Dominance Falls Here’s Why An Altcoin Season Is Upon Us
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Despite experiencing significant gains and dominating the market, Bitcoin (BTC) is still predicted to experience a trend reversal. According to a prominent analyst, the dominance of Bitcoin (BTC) might start to wane soon, giving other cryptocurrencies a chance to gain momentum and potentially triggering the altcoin season.

As the altcoin season unfolds, cryptocurrencies like ETFS, the native token of ETFSwap, will become one of the top gainers, potentially surpassing household altcoin names like Cardano (ADA), and Solana (SOL).

ETFSwap (ETFS) Signals As The Best Option For Lucrative ETF Investment

ETFSwap (ETFS) has built a solid reputation since the launch of its ongoing presale, offering investors one-of-a-kind trading and investment opportunities. This fully decentralized platform allows investors to own and trade tokenized ETFs backed by Real World Assets (RWAs), including cryptocurrency, bonds, commodities, and amplified ETFs.

Amid the growing demand and interest for ETFSwap’s native token ETFS, its presale has recorded over $5 million in revenue and sold more than 500 million tokens. ETFSwap (ETFS) has also shown potential to be among the best investment options ahead of the altcoin season.

Highlighting its credibility and authenticity, ETFSwap (ETFS) has partnered with MiCA-regulated licensed banks to protect its ETFs and make use of blockchain technology. Additionally, ETFSwap (ETFS) allows investors to trade its high-grade institutional ETFs 24/7 without the need for KYC checks, offering excellent user-friendly experiences.

Shedding light on its robust security, ETFSwap (ETFS) has incorporated state-of-the-art safety and privacy to prevent potential data theft and other forms of sophisticated cyber threats. ETFSwap’s commitment to maintaining a secure trading environment for users can be verified through its audit CyberScope, a leading blockchain audit firm. Its team has also completed a KYC verification process with SolidProof, showing its dedication to providing a transparent and secure blockchain network.

As demand for tokenized ETFs grows stronger and gains widespread adoption, analysts believe that ETFSwap (ETFS) is poised for a massive 108X rally. More gains are also expected to occur as ETFSwap (ETFS) plans to reveal the first phase of its beta platform on the 28th of September. After thorough UI testing, ETFSwap’s beta platform will be released, allowing investors to start liquidity and staking pools. This is bound to boost ETFSwap’s growth before its complete launch.

In phase 1 of its beta platform, users will be able to access ETF prices and swapping features. Additionally, in phase 2, there will be advanced ETF trading tools such as ETF screeners, ETF trackers, and ETF filters which investors can use to potentially boost trading returns.

Crypto Analyst Predicts Altcoin Season As Bitcoin’s Dominance Fades

The altcoin season may be commencing soon as new trends highlight a potentially favorable outlook for altcoins in the market. In a recent X (formerly Twitter) post, crypto analyst, Ali Martinez discussed the possibility of a decline in the dominance of Bitcoin (BTC). Despite experiencing a 6% year-to-date rise in dominance above all altcoins, Bitcoin (BTC) could be gearing towards a substantial price reversal.

According to Martinez, the Bitcoin (BTC) dominance is showing signs of a potential breakdown from a rising wedge pattern, while the altcoin market cap is breaking out of a falling wedge. This shift could create an opportunity for altcoins to gain momentum as the market is already displaying bullish signs.

Bitcoin (BTC) dominance is showing signs of a potential breakdown from a rising wedge pattern, while the altcoin market cap is breaking out of a falling wedge
Bitcoin (BTC) dominance is showing signs of a potential breakdown from a rising wedge pattern, while the altcoin market cap is breaking out of a falling wedge. Image Credit: https://x.com/ali_charts

As the dominance of Bitcoin (BTC) reduces, Martinez has suggested that the coming weeks may be pivotal in confirming the start of the highly anticipated altcoin season. In any case, smart investors are increasingly searching for new and promising altcoins like ETFSwap (ETFS) to invest in ahead of the altcoin season.

Conclusion
With Bitcoin (BTC) dominance waning, ETFS is set to become a top gainer in the long-awaited altcoin season. The ETFSwap (ETFS) presale has already been a huge success, with thousands of investors heavily accumulating tokens at a lower price of $0.03846. Investors are encouraged to join the ETFSwap (ETFS) community to capitalize on potential gains following its beta launch and the introduction of its own ETF in 2025.

For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community

Read Also: 0xPPL Aims to Revolutionize the On-chain World with a Decentralized Web3 Social Platform

Altcoin Season Altcoins Bitcoin Dominance Top Altcoins to Buy
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Neelesh Roy
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Neelesh Roy is a seasoned financial journalist with a focused expertise in the cryptocurrency market. With a solid foundation in mass communication, his career began in the bustling world of stock markets, where he honed his skills in financial reporting and analysis. Transitioning to cryptocurrency, Neelesh has spent the past two years covering this volatile and exciting sector.

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