Market Dominance Of Bitcoin Soars To a Two-Year High: Is $30k Within Reach?
Bitcoin (BTC) yesterday hit 50% market dominance for the first time since 2021, when it hit its all-time high. Does this mean Bitcoin could finally break the $30k barrier and pump all the way back to previous highs? We are doubtful, but recent developments have certainly been encouraging for Bitcoin believers.
The current market capitalization of the whole market is $1.1 trillion, so this now means Bitcoin's market cap accounts for half of this.
This feels very excessive, but it is easier to understand when you take into account what the SEC lawsuits against Binance and Coinbase meant for the market as a whole.
Let's take a look at Bitcoin's potential short-term future and if this market dominance is a false flag.
Can Bitcoin Finally Break $30k?The 7-day performance chart for Bitcoin (BTC) is very promising for investors, it finally looks like crypto's number one coin could be about to break $30k again. It has been a long time coming, but will it actually happen?
The growth that Bitcoin has experienced isn't natural, but it is hard to know if this even matters. The SEC lawsuit against Binance and Coinbase names a number of the bigger altcoins as securities. This has caused their prices to plummet and, in turn, has turned more people toward Bitcoin.
It is yet to be seen if this increase in market cap will actually play a factor long term. The market could just turn bearish, or it could just ignore the affected coins, and this would certainly cause Bitcoin to pump past $30k.
While confusion reigns supreme, it might be better to look at some of the best crypto presales for alternative investment opportunities. We have selected some of the best alternatives. Their low cap means they have much more room to pump when compared to Bitcoin.
Wall Street Memes - Google's New Chatbot Expects Big 2023 for this Meme CoinOne of the best meme coins to get behind right now is Wall Street Memes ($WSM). Don't just take our word for it either, Google's new AI chatbot, Bard, thinks so too. When asked for a prediction for Wall Street Memes in 2023, the AI forecasted that the meme coin could pump as much as 352% from its original presale price.
Why is Bard AI so high on $WSM? It is likely due to the huge community the brand brings to the crypto world. Across their various social media channels, they have over 1 million followers. Even more importantly, they are followed by lots of influential crypto accounts, such as YouTuber Cameron Fous. This can be hugely beneficial for a meme coin's future price.
>>>Visit Wall Street Memes Presale
DeeLance - Changing the Game with Web 3.0 for Employers And freelancersWhile more people turn towardS freelancing as a mode of work, they need a platform to connect to employers that reflects the new demand that will be put on the industry. That platform could be DeeLance (DLANCE) which believes a decentralized site that uses Web 3.0 technology can improve on existing options.
There are many issues with the currency sites that connect freelancers and employers. High fees, payment problems, disputes, and ownership issues are all problems that DeeLance will be able to offer solutions for. The gig economy market is expected to explode in the coming years, so this platform could launch at the perfect time.
Web 3.0 is the only trend that can rival AI within the crypto market at the moment, as every second project seems to boast about how they are using it to change the world. Launchpad XYZ (LPX) has realized that there is a market out there for simply helping people get used to the new technology.
It seems Web 3.0 is always developing, and that is because it is. It is a new technology and so it can be very confusing to a lot of people. Launchpad XYZ hopes to onboard 10 million users onto Web 3.0, which just shows the vast amount of potential clients they can have.
The presale has really started to take off for LPX, so we can see the market beginning to notice it.
>>>Visit Launchpad XYZ Presale
yPredict - This Could Be What You Need to Become a Top InvestorThere have been a lot of trading platform coins that have come through presales, but none of them captured the market's imagination. If the underlying data behind yPredict is to be believed, then it looks like it is about to break that trend.
The trading platform will employ the top 1% of AI developers who will make their trading data available to anyone who purchases YPRED. Their exact algorithms can also be purchased by subscription.
It seems they are planning to have the best data of anyone on the market, and the waiting list of users would seem to back that up. Over 20,000 people are already signed up to use the site.
Green cryptos will become more and more popular the longer we go into the decade, but as of now, the most impressive project may be Ecoterra (ECOTERRA) which is still going through presale.
The simple reason for this opinion is the fact that the project seems to have physical and quantifiable benefits to the environment.
Through their app, Ecoterra investors will be able to earn native currency every time they recycle simply by scanning their items at partner supermarkets which will be available to see in the app.
Even the rewards program is environmentally conscious, as ECOTERRA can be used to pay for activities like beach clean-ups and even for environmental courses.
So to put a bow on it, we are unsure if the Bitcoin recovery is for real yet. There are positive signs, of which dominating the market cap is certainly one, but we need things to clear up a little more to be sure.
In the meantime, you have some great presales like the ones above. They have more room to grow and are lower-risk investments.
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