USDT, recognized as the first stablecoin, did not achieve widespread adoption even as late as 2017. Had it been more prevalent, I would have incorporated USDC and DAI into this analysis.
Nonetheless, I trust that you will find this chart beneficial for the upcoming #Altcoin season.
The total market capitalization of USDT relative to that of Bitcoin reveals a distinct correlation.
This relationship has historically indicated significant technical peaks characterized by bearish divergence, as well as bullish divergence at market bottoms, as observed in the RSI versus ratio score.
Additionally, we have established a clear target level to pursue.
Nonetheless, I trust that you will find this chart beneficial for the upcoming #Altcoin season.
The total market capitalization of USDT relative to that of Bitcoin reveals a distinct correlation.
This relationship has historically indicated significant technical peaks characterized by bearish divergence, as well as bullish divergence at market bottoms, as observed in the RSI versus ratio score.
Additionally, we have established a clear target level to pursue.
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