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Doctor Profit 🇨🇭
@drprofitcrypto.bsky.social
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December 1, 2024 at 6:31 PM
This isn’t just some prediction, this is exactly what I said back in June, and we’re already seeing it playing out. We’re moving from a $500 billion altcoin market cap towards $1 trillion, just like I predicted.
December 1, 2024 at 6:31 PM
which factor in the ratio, stablecoin supply, and Bitcoin dominance, I’m predicting a $1.4 trillion altcoin market cap by Q1 2025 and this is going to be supported by the Altcoin ETFs I’ve been talking about. At the same time I expect to see Bitcoin in the region of 130k
December 1, 2024 at 6:31 PM
Right now, the altcoin market is massively undervalued compared to Bitcoin. The ratio is sitting at an extreme 95% which means Bitcoin is heavily overvaluing the altcoin market WHICH IS A VERY GOOD SIGN FOR BOTH. But here's the reality: altcoins are seriously undervalued. Based on my calculations,
December 1, 2024 at 6:31 PM
with BTC dominance, it’s a dangerous sign. In April 2021, the ratio dropped to 20%, way too low, and it was no surprise when Bitcoin corrected from $60k to $30k. Then, in November 2021, the ratio hit 18%, which was a huge red flag, and right after, Bitcoin collapsed from $69k to the $18k region.
December 1, 2024 at 6:31 PM
In April/May 2021, Bitcoin’s market cap was $1.2 trillion, and the altcoin market cap was $984 billion. A healthy market should have a 50% ratio between Bitcoin and altcoins, meaning altcoins should be worth at least half of Bitcoin’s value. But here’s the truth, when the ratio drops, especially
December 1, 2024 at 6:31 PM