Bitcoin Dominance Rising, Money Flowing Into BTC And These New Altcoins

Bitcoin

Bitcoin dominance stands as a crucial metric that garners close attention from experienced traders. This metric serves as a valuable tool, offering insights into the overall performance and potential direction of the cryptocurrency space. 

Over the past month, Bitcoin’s market dominance has experienced a notable uptrend, coinciding with increasing risks within the broader cryptocurrency sector. As of Monday, the Bitcoin market dominance rate, which measures the cryptocurrency’s share of the total digital asset market, climbed to 50.2%. 

This level represents its strongest performance in a month and approaches the impressive 52% milestone achieved at the end of June, marking a nearly 26-month high. Nonetheless, experts remain cautiously optimistic that Bitcoin could be on the verge of a substantial bull rally. 

The influx of fresh capital into the market may soon trigger a resurgence in Bitcoin’s dominance, potentially leading to a breakout. Still, there are also a few altcoins that the crypto enthusiasts are investing in now worth your attention!

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The Hottest 4 Altocoins to Get Now Rather than BTC

The price of Bitcoin has increased by 3.6% during the last 30 days, giving some investors hope that there could be a bull run ahead. The fact that BTC is in the green zone now awakens optimism. However, that does not change the fact that Bitcoin is still the most expensive crypto out of reach for many, and its increased volatility lately doesn’t ease the investment process for the crypto enthusiasts ready to dive in. Luckily, many are now recognizing the enormous potential of these cryptos that are the most wanted now: 

  • Launchpad XYZ (LPX)
  • InQubeta ($QUBE)

Keep reading and discover the reasons why these altcoins are so popular now! 

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1. Wall Street Memes (WSM) – The Best Meme Coin on the Market Now

Bitcoin dominance serves as a critical tool when combined with the BTC price trend, helping traders discern whether the wiser move is to invest in Bitcoin or explore the world of altcoins. As a fundamental guideline, BTC dominance tends to rise notably in bear markets, reflecting the risk-averse nature of investors during such times. Conversely, during bullish market phases, the dominance of Bitcoin tends to wane as investors flock towards high-volatility altcoins. 

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However, it seems that despite Bitcoin’s rising dominance, the appeal of Wall Street Memes is undeniable. WSM stormed onto the scene at the end of May and has since amassed a staggering $25 million in funding, making it one of the most prominent and sought-after presales of 2023. 

The countdown to the Wall Street Memes presale closure is heating up as there are only a few days left, and investors are in a frenzy to get their hands on these tokens before the impending explosive Initial Exchange Offering (IEO). The presale’s door slams shut on Monday, September 25, at 7 p.m. UTC. After that, this highly anticipated project will debut on a top-tier centralized exchange, so secure your tokens before the big IEO blast!

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2. Bitcoin BSC (BTCBSC) – The Green BTC Alternative Ready to Conquer the World

While contemplating whether to buy BTC or not, consider Bitcoin BSC because not only does it aim to recreate its success, but it also takes an eco-friendly approach. Operating on the cutting-edge BNB Smart Chain, BTCBSC brings forth an eco-conscious staking mechanism designed to encourage long-term holding and community involvement. 

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Bitcoin BSC champions sustainability with its eco-friendly Proof-of-Stake mechanism, offering a trove of rewards for its community. Taking inspiration from Bitcoin’s historical value, Bitcoin BSC aligns its token price and circulating supply with April 2011, when each of the 6,125,000 Bitcoins was valued at just $0.99. 

If you missed the chance to acquire Bitcoin at its modest beginnings and now seek a dynamic token poised for growth, embrace BTCBSC and watch it evolve. The presale of BTCBSC is now extremely close to the soft cap, so you better get your portion in time!

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3. Launchpad XYZ (LPX) – The Essential Compass in the Saturated Crypto Market

Launchpad XYZ is a game-changing crypto project designed to streamline the process of buying, managing, and selling digital assets through an intuitive and user-friendly interface. Now, instead of worrying how the market may change, you can have the analysis laid out for you. 

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The platform provides comprehensive analysis tools, empowering investors to make informed decisions and choose digital assets that align perfectly with their investment objectives. It will surely empower every crypto enthusiast who wants to dive deeper into the matter rather than worry about the value of Bitcoin and its impact on the crypto market in general.  

Wherever you stand on your crypto journey, it is important to know that Launchpad XYZ caters to all, offering the ultimate platform for digital asset enthusiasts. Don’t miss out – secure your LPX tokens now and unlock the full potential of this platform’s incredible features!

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4. InQubeta ($QUBE) – The Crypto Revolutionizing AI Startup Fundraising

InQubeta is a trailblazing force in the cryptocurrency realm, redefining AI startup investment. At its core, InQubeta serves as the world’s inaugural crypto crowdfunding platform, enabling fractional investment in AI startups through its native token, $QUBE. 

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This innovative ERC20 token incorporates deflationary elements, underscoring InQubeta’s commitment to revolutionizing AI startup funding and fostering community engagement. This distinctive ecosystem benefits startups and investors alike, promoting transparency, security, and efficiency in the investment process bolstering the growth of AI technology startups. 

$QUBE’s distinctive attributes, including its burn mechanism and staking rewards, make it an attractive choice for AI technology enthusiasts. 

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Conclusion

To sum up, getting WSM, BTCBSC, LPX, and $QUBE seems like the wisest choice for crypto investors despite the rising price of BTC. Their potential spreads hope that the crypto market will flourish once again, and since their presales are quickly coming to an end, getting them in time is crucial, so better use this time wisely!

Source: https://www.analyticsinsight.net/crypto-expert-bitcoin-dominance-rising-money-flowing-into-btc-and-these-new-altcoins/