Altcoins Will Go Parabolic

[Robert518]

https://www.tradingview.com/chart/OTHERS.D/gmmEuOgL-Here-is-Why-Some-Altcoins-Will-Go-Parabolic/

What are your thoughts?

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[GreatArkansas]

Very interesting. Altcoins now are ready hot especially with the upcoming event on Ethereum which is The Merge, which is the highest market cap among the altcoins.
The 40% Bitcoin Dominance level is a really strong and a key level for the support, especially last year, it is already tested over the time.

[o48o]

https://www.tradingview.com/chart/OTHERS.D/gmmEuOgL-Here-is-Why-Some-Altcoins-Will-Go-Parabolic/

What are your thoughts?

I don't know, altcoin marketcap dominance chart has been kind of unpredictable in the past, i wouldn't try to chart that at all. Sure it can go up but that can be because of various different reasons. The whole movement for PoS is driven, not only by enviromental reasons but reasons for saving energy because of the uncertain situation in Europe. And i am starting to think that even the flippening has a real change again pretty soon and BTC could lose the marketcap dominance. I know this has been predicted from the start by some people and their predctions have failed so far, but i think that we are entering to whole another era now.

[bitcampaign]

https://www.tradingview.com/chart/OTHERS.D/gmmEuOgL-Here-is-Why-Some-Altcoins-Will-Go-Parabolic/

What are your thoughts?

if you look at it, the current crypto market is determined by the price of bitcoin itself, so just focus on the price of bitcoin even though I see the graph it will see the altcoin market recovering, but we are back again on the price of bitcoin

[serjent05]

I look at the tradingview link and I agree, that most of the dominant altcoins are currently in the situation where their token value crashed hard, as if these altcoins have reached its bottom.  Once the bottom is reached, there s no other way for these altcoins but to recover.  I think it is a general statement, nothing specific, when an established project or cryptocurrency had already bottomed out, the next step is recovery, thus the possible parabolic trend will occur.  The only question would be when.

[South Park]

Very interesting. Altcoins now are ready hot especially with the upcoming event on Ethereum which is The Merge, which is the highest market cap among the altcoins.
The 40% Bitcoin Dominance level is a really strong and a key level for the support, especially last year, it is already tested over the time.

If we were going through normal circumstances and this was your average bear market then it is likely that I will have agreed that an altcoin season may be coming, but when we are going through so difficult market conditions I'm not so sure anymore, people are very afraid of how high inflation is all over the world and how aggressive central banks have been in trying to curb Inflation, and despite those measures they have been unsuccessful so I have huge doubts such an intense growth is coming.

[X-ray]

Bitcoin is going to be parabolic as well. A flash jump that happened with bitcoin gives more possibility if it will be going up again. So many altcoins are ready for another recover. It has more than a half of year since the dump. Crypto never recover from that time. Market is still remain unpredictable at this moment. I didn't expect if something big will be happening with the market. Altcoin might go to that way but bitcoin will bcome the thing that will determine it. I hope people may not fully beliving in this situation.
This can be a trap as well.

[bitterguy28]

https://www.tradingview.com/chart/OTHERS.D/gmmEuOgL-Here-is-Why-Some-Altcoins-Will-Go-Parabolic/

What are your thoughts?

if you look at it, the current crypto market is determined by the price of bitcoin itself, so just focus on the price of bitcoin even though I see the graph it will see the altcoin market recovering, but we are back again on the price of bitcoin

remember that you are posting in altcoins section mate in which the title itself proceed to what is OP's asking so I think it is not appropriate to discuss having or holding bitcoin at the same time.
I am also a Bitcoin supporters but there are multiple altcoins that I am still supporting and believing .
but it is quite believing that it is becoming parabolic nowadays.

[TheGreatPython]

I look at the tradingview link and I agree, that most of the dominant altcoins are currently in the situation where their token value crashed hard, as if these altcoins have reached its bottom.  Once the bottom is reached, there s no other way for these altcoins but to recover.  I think it is a general statement, nothing specific, when an established project or cryptocurrency had already bottomed out, the next step is recovery, thus the possible parabolic trend will occur.  The only question would be when.

There is no way for us to define the true bottom of the coins. We only think the bottom is already reached out and the coins are now recovering but it could be another trap again and the real bottom is only yet to come. Even if the coin hasn't reached its bottom, it is still possible for them to recover and sometimes the recovery is much better. For the question if when will the alts go parabolic, I think the time for it to come is near because many people are expecting it already.

Bitcoin is going to be parabolic as well. A flash jump that happened with bitcoin gives more possibility if it will be going up again.

I think they already know this and we also have a separate topic for that on the bitcoin discussions board but for now, we are talking about altcoins here mate.

[Bananington]

What are your thoughts?

They made a good speculation and supported it with good data to show. I quite agree with them, but will still like to state clearly that not all altcoins will go parabolic and you should still be careful not to over diversify your portfolio to too many altcoins judging from this information.

[Takyeon]

Today is ETH merge and your point doesn't look like it's happening, all top altcoins are down, why would you think of such when September is one of the most bearish months of all.

[electronicash]

Today is ETH merge and your point doesn't look like it's happening, all top altcoins are down, why would you think of such when September is one of the most bearish months of all.

there was a fomo last week. now that feeling is gone. the news is just news. don't rely too much these guys who will just say it will spark a bull run after the merge.

POS makes ETH protocol the money printer for institutions that will come in crypto bringing down ERC tokens. and we are like back to the old fiat system governed by the oligarchs.

[yhiaali3]

The Ethereum merger event may have a major impact on the altcoin market, but I don't expect it to happen unless bitcoin loses market dominance.
The dominance of bitcoin and ethereum now is as follows: BTC: 39.0% ETH: 19.6%, usually bitcoin's takeover of the market is more than 50%, but its decline at the present time may be an indication of the start of altcoin's rise, we have to wait and watch the market with caution because the situation is not stable so far.

[blockman]

Too much hype I'd say. With merge or none, still reliant to the movement of bitcoin.

POS makes ETH protocol the money printer for institutions that will come in crypto bringing down ERC tokens. and we are like back to the old fiat system governed by the oligarchs.

True.
It's another centralized matter where they'd win over decentralization which is the main purpose of cryptocurrencies. Well, at least we still got bitcoin and it won't be ending up as what happened to ETH.

[ololajulo]

https://www.tradingview.com/chart/OTHERS.D/gmmEuOgL-Here-is-Why-Some-Altcoins-Will-Go-Parabolic/

What are your thoughts?

if you look at it, the current crypto market is determined by the price of bitcoin itself, so just focus on the price of bitcoin even though I see the graph it will see the altcoin market recovering, but we are back again on the price of bitcoin

To add to it, the price of bitcoin cant go parabolic until after the halving. Ethereum is 20% of the marketcap while Bitcoin is about the double of it, it is a very good achievement for ethereum to stay this high at this time in the bear. Now the merge is done, which I think is the great biggest news of development in the space this year, lets see what goes ahead with the price and other altcoins. According to willy woo, the previous features of the market bottom had not reached but we are very close.

[maydna]

The Ethereum merger event may have a major impact on the altcoin market, but I don't expect it to happen unless bitcoin loses market dominance.
The dominance of bitcoin and ethereum now is as follows: BTC: 39.0% ETH: 19.6%, usually bitcoin's takeover of the market is more than 50%, but its decline at the present time may be an indication of the start of altcoin's rise, we have to wait and watch the market with caution because the situation is not stable so far.

As long as bitcoin has not moved higher than the current price, the altcoin market is unlikely to move either because the crypto market still depends on how the bitcoin price will move. The price of bitcoin tends to decrease so that it has a decreasing impact on altcoins, so the impact of the Ethereum merger has not been felt. But if there is a rally in the price of bitcoin, it will be a sign for the altcoin market to start moving, and at that time, the price of Ethereum may start to increase. Yes, we must be more patient at this time because the situation is still unstable, and the market can move anywhere.

[tbct_mt2]

Most altcoins rely on the price of Bitcoin and as we could notice, Bitcoin is still at its bearish price. Some altcoins might pump but will still go back to their low price because they follow the status of Bitcoin.

In the past months, altcoins have good rises because Bitcoin after its dump has been in an accumulation time. This accumulation of Bitcoin is a support for altcoins to rise because capital flow needs to change from Bitcoin to altcoins. Because they are not able to get profit in Bitcoin, they must choose altcoins alternatively. Market makers need time to complete their accumulation in Bitcoin. Meanwhile, they decide to pump altcoins. It's how the crypto market and capital flow in crypto market work.

The altcoin rally is still quite far but it's a good sign that some altcoins are showing a little pump. I don't think the upcoming Ethereum merge has a huge effect on them.

In bear market, altcoins lose more than 90% of their price from all time high. Effects on altcoins are from Bitcoin, not Ethereum.

[ethereumhunter]

Maybe if bitcoin can increase its price to $30k, the altcoins can start to move and at that point, there might be some altcoins that can drastically increase. But we must remember that it's all predictions that we don't know will happen or just cheer us up during this bear market. But I feel that if the price of bitcoin can increase drastically, the movement of altcoins will get crazier and there will be many altcoins that can also increase, especially for altcoins that have not had time to increase in the altcoin season yesterday. Well, we just hope it can happen before the end of the year or at least at the beginning of the year.

[peter0425]

Today is ETH merge and your point doesn't look like it's happening, all top altcoins are down, why would you think of such when September is one of the most bearish months of all.

supporting this for the common story ,  market shows bad movement every september so this is not common to expect a good increase this month or even in the next , what we need to see? is that November and December in which mostly the reason why expectations happens that time.

[Tony116]

The altcoin rally is still quite far but it's a good sign that some altcoins are showing a little pump. I don't think the upcoming Ethereum merge has a huge effect on them.

In bear market, altcoins lose more than 90% of their price from all time high. Effects on altcoins are from Bitcoin, not Ethereum.

It actually happened, the merger didn't create any movement for ethereum at all, nor did it move altcoins either, since bitcoin didn't move while the merger was over. The influence of Bitcoin is too great and nothing can change it.

I also expected ethereum to pull the market up with its biggest event but was a bit disappointed in the end that that didn't happen. As long as bitcoin doesn't go up in price, no coin can appreciate on its own.