Alt Season is Here!

in Project HOPE3 years ago (edited)

After munching on those winter nuts, our little Bitcoin squirrels are ready to Spring into Alt Season. Two indicators support a sustained rally:

  • 10% gain on BTC dominance
  • Simultaneously hitting the 25% mark of a global market indicator

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Photo by Roger Brown from Pexels

10% Gain on Bitcoin Dominance


The importance of a 10% gain on BTC dominance- from about 59% to 54%- shouldn't be overlooked. 10% is a standard economic practice. It's the minimum amount recommended to save from each paycheck, as well as for donations. It's used as a down payment benchmark for primary assets. Not surprisingly, this benchmark also has implications for corporate equity.

Elon Musk (along with some blue chip corporations) view Bitcoin from an equity perspective. BTC's stable growth (over time) and as an integral virtual asset for the future economy could prove to radically transform business practices. DeFi is merely the first popular application. ProFi (programmable finance) introduces compliance and more robust applications.

One-quarter of the DJIA

Reaching the 25% mark of a major global indicator may prove more impressive than the equity metric. 10% equity allocation can be considered part of a conservative strategy. Responding to a valuation of one-quarter of the Dow Jones Industrial Average is more of a growth metric. When taken together, the indication is that Alt coins are here to stay.

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Photo by Worldspectrum from Pexels

This is new territory. It was not that long ago that the whole market was less than $1 trillion. 13 figures is such a key indicator because it's the unit used to discuss global economics.

The logical flow of discussion would then be to investigate how great of an influence crypto has upon the world. Starting with the most respected indicator provides for a broad perspective of magnitude. At $8.3 trillion, the DJIA is about four times that of the crypto market.

A Visualization: Right off the bat, this analysis sees the DJIA grab the major headline. Crypto maintains a section of the front page. Other entities on the front page might be those hovering around $100 billion- a figure which has historically proved to be a good gauge for long-term investment.

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Photo by Craige McGonigle from Pexels

Keep in mind that the move from $1 trillion to $2 trillion was (relatively) lightning quick. This illustrates another astounding fact. Growing to one quarter of the DJIA is beyond the dreams of most markets. Merely consider the top global 10 markets as listed by Interactive Biodiversity Information System. They ranged from $4.3 to $1.5 trillion. To do so while aggressively innovating really redefines "disruptive technology".



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It is crazy how things is moving fast!

IKR. In the blink of an eye.

This long wait is finally over and the time to visit the moon is finally here. Welcome altseason.

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Things are evolving in an accelerated way, and I am happy about it because they have been asleep for a long time, on pause, and now they are changing dramatically and rapidly.

We all hope that this period of bonanza will remain stable for a long time, because among other factors this will help many people to overcome this economic crisis caused by the pandemic.

This needs to be the time that crypto demonstrates value to the world. Not just attracting dollars, but also awakening people to benefits of crypto that would not exist otherwise. Crypto makes for a stronger dollar and a stronger world by empowering ideas and effort.