. Ethereum changing its consensus mechanism to proof-of-stake has been closely watched by investors, and the successful test signaled to the market that Ethereum might actually make the transition that has been in the works since 2015.
On the topic of ether, its price compared to bitcoin’s has started to reverse. ETHBTC was on a steady climb from 0.024 to as high as 0.087 in 2021 , but ETH’s market cap has mostly lost ground to BTC this year, dropping from 0.083 to 0.065 between Jan. 4 and March 14. Since then, ETHBTC has steadily walked up to 0.073.
From here, it is natural to look at bitcoin dominance, the measure of BTC market capitalization compared to the market capitalization of all crypto assets. In times of uncertainty, bitcoin dominance tends to gain ground, and that has come to bear so far in 2022. It has been a weird, tough year in general for the crypto market, even with the recent run-up .
If we consider that bear markets come in two phases, the first where a low proportion of wealth is held by older investors and the second where the wealth disparity recovers strongly as more coins age into the one-year band at a higher cost basis. That cost basis should stand in as a higher floor value than the previous cycle. We might be at a turning point in this bear market.
Lastly, while the past is not indicative of the future, understanding the past can help us anticipate what might happen. Looking back, we know that it sometimes snows in April on the bitcoin market. But usually bitcoin performs well in April, with an average gain of about 17% over the month. So, who knows, maybe we’ll close the book on the bear market in the next 27 days. But maybe not.
gckaloudis There are different ways of investing in Crypto and Olivier can show you safest way to earn especially in Bitcoin dipped and investing now is very much advised. To learn how to earn in crypto without sending money to anyone , kindly reach her on WhatsApp +13134033071
gckaloudis 👀
gckaloudis BabyDoge strong holders 💪💪 1,4 million holders 😱😱😱 amazing The next shiba 🔥🔥🚀🚀 Buy on BabyDogeCoin
gckaloudis I don't buy bitcoin I earn it every 72 hours I’m ready to help (20) lucky people earn $10,800 from simple invest No referral No withdrawal fees. If interested send me a DM
gckaloudis On the Dexfolio app, you can still find those tokens missing on your wallet. Let Dexfolio Defi live tracking app fond it for you. Download Dexfolio app from your Appstore.
agree with this! Q2 will be turning point of btc and peak crypto market💪🏻
gckaloudis XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.
gckaloudis Gmm🚀🚀🚀 Metaverse Gamiumcorp
gckaloudis
gckaloudis X-Metaverse is a 3D Star Wars game based on NFT+ blockchain exploration, mining,trading and battle. It allows players to collect,mine,breed,synthesize,battle, and trade token-based astronauts and battleships,called X-Metaverse.XMetaverse_ also has its own twitter Account.
gckaloudis For Bitcoin, companionship is the longest-lasting confession. Every voice is listened to by people who understand it.
gckaloudis I believe $BTC is going to 50k by the end of this month
gckaloudis hopium