The altseason goes on, BTC dominance to fall
As Hybrid Intelligence predicted, Bitcoin dominance declined as ETH and altcoins (DOGE!) outperformed the first cryptocurrency.
As usual, we’ve posted a question about the overall crypto market cap:
“The cryptocurrency Market Capitalization settled at 2242B USD at 12:00 PM UTC on Wednesday, May 5. Will the Market cap climb above 2410.2B USD (+7.5%) earlier than drop below 2073.9B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 81%
The market cap is set to go up according to Hybrid Intelligence.
Our second questions is specifically about BTC dominance:
“Bitcoin crypto market share settled at 46% at 12:00 PM UTC on Wednesday, May 5. Will Bitcoin's market share climb above 46.92% (+2%) earlier than drop below 45.08% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 9%
Clearly, Hybrid Intelligence expects the BTC dominance to continue to decline. This means the altseason continues.
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