Bitcoin Dominance: Is Altseason Still Far Away? ๐
Bitcoin dominance remains near the 60% level, showing that BTC continues to lead the crypto market. Recent data suggests that Bitcoin is gaining market share while Ethereum and many altcoins are struggling to keep up.
But rising dominance doesn't always mean Bitcoin is pumping. It can also rise when BTC falls less than altcoins.
For a real altseason signal, I'll be watching three key indicators: ๐น BTC.D: A sustained decline could open the door for altcoins. ๐น ETH/BTC: Ethereum needs to show strength against Bitcoin. ๐น TOTAL3: The total market cap of altcoins excluding BTC and ETH should start trending upward.
My view: It's too early to confirm a new altseason. Until these signals align, staying patient may be wiser than chasing every altcoin rally.
Do you think Bitcoin dominance will break lower soon, or will BTC continue to outperform altcoins?
What excites me most about @Nillion s Covenants is the potential for more private onchain trading.
With Dusk now live on Ethereum Mainnet as its first release, Iโm looking forward to seeing how encrypted instructions can create new possibilities for DeFi. Nillionโs 7-era roadmap makes this a project worth watching.
Could privacy become a real advantage for onchain markets? $NIL #NIL
A team with Binance Futures experience, over $200M in peak TVL and billions in trading volume. Yet the project is winding down. What went wrong? StandX combined its DUSD stablecoin with a perpetual DEX. But TVL fell from over $200M at its peak to around $22M to $25M before the shutdown. According to statements attributed to CEO Aaron Gong, the team failed to reach its goal of becoming a top 3 perpetual DEX. Instead of launching a token without a clear path to long term value, they chose an orderly shutdown. Here is the real question: Were users there for the product, or just the points and a potential airdrop? Incentives attract users, but they donโt guarantee lasting demand. High trading volume doesnโt guarantee a sustainable business either. There is no verified evidence that StandX is shutting down due to fraud. The full financial reasons behind the decision also remain unclear. Growing a crypto project and building a sustainable business are two very different things. Was it a team failure, or has competition among perp DEXs simply become too brutal?
๐จ The cryptocurrency scammer pursued by the world has been caught in Istanbul.
They had pulled off a massive scam involving the Pulse Chain and Hex projects.
It turns out they had set up their own operation in Beลiktaล and were continuing to make money through various methods. Luxury watches and a large amount of cash were also seized.
NFT volumes have dried up, airdrop farming is no longer enough to keep traders around, and BLUR holders are left dealing with token unlocks and sell pressure.
Now the bigger problem: Blur is shutting down its website on November 12, while Blend will stop matching new loans.
The smart contracts will remain live, but letโs be real: losing the frontend is a massive blow.
The NFT hype is gone. Can BLUR survive without it?
XRP has performed well as a store of value. While other projects lost 90%, $XRP didn't drop below $1. But thinking it will reach $100? That sounds a bit like science fiction to me.