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A crypto strategist thinks that altcoins are about to upstage Bitcoin (BTC) after years of languishing in the background. Analyst Michaël van de Poppe tells his 789,100 followers on the social media platform X that he thinks the period of altcoin underperformance against Bitcoin is almost over based on the Bitcoin Dominance (BTC.D) chart. The BTC.D chart tracks how much of the crypto market cap belongs to BTC. A bearish BTC.D indicates that altcoins are outperforming Bitcoin. According to Van de Poppe, altcoins are now poised to outpace Bitcoin as the BTC.D chart is flashing a bearish reversal signal on the weekly chart. “The end of the bear market (yes, a bear market on altcoins underperforming Bitcoin) is still here. Strong bearish divergence on the Bitcoin dominance, implying we’re about to reverse and altcoins about to shine. Nothing has changed.”  Source: Michaël van de Poppe/X At time of writing, BTC.D is hovering at 63.89%. Looking a...

Shiba Inu is currently trading at the $0.000012 mark on Thursday and is up nearly 2.1% in the charts. The leading dog-themed token has had a terrible year and has dipped close to 40% YTD. The crash has eroded investors’ confidence in SHIB leading to a lesser inflow of funds. The development has led to stagnation with little to no price spurts in the last three months. Also Read: Ripple: AI Predicts XRP’s Price Post The Bullish SEC Verdict Source: Coingecko To make the long story short, will taking an entry position in Shiba Inu today prove beneficial after a year? The answer could be yes. Leading analytical firm predicts that SHIB could surge in value one year from today. It could deliver them the desired results and taking an entry now could turn profitable. Also Read: Pakistan Eyes Cryptocurrency Legalization to Attract Global Investors SHIB: What Will Shiba Inu Be Worth 1 Year From Now? Source: Pixabay On-chain metrics and leading price prediction firm CoinCodex have painted a ...

After keeping a low profile for quite some time, Polkadot (DOT) was seen making a comeback. The price of the asset witnessed a major spike over the past week. DOT is up by nearly 7% throughout the last seven days. Earlier today, the altcoin was trading at a high of $4.52. But the asset saw a slight downtrend at press time and was trading at $4.42. Yet, its 24-hour price change remains at a positive 3.13%. Also Read: How High Will Dogecoin Rise If Donald Trump Wins? Polkadot’s Market Performance And Future Price Predictions Source Despite its latest spike, DOT remains a staggering 91% below its all-time high of $55. The Polkadot network’s daily trading volume saw an 18% spike, bringing the total to $153 million. Ali Martinez, a cryptocurrency expert, recently posted an optimistic, bullish X post for Polkadot. Martinez uses a resemblance between Fantom’s price action and Polkadot on the weekly chart to indicate the probability of a positive turnaround. In his forecast fo...

Kevin Svenson, a prominent cryptocurrency analyst and trader, has made a compelling prediction regarding the potential trajectory of Bitcoin (BTC) in relation to the S&P 500. Bitcoin’s potential surge to a new all-time high In his YouTube video entitled “BITCOIN WILL FOLLOW S&P 500 INTO ALL TIME HIGHS,” Svenson discusses the possibility of Bitcoin reaching new all-time highs, drawing parallels to the performance of the S&P 500, stating that the S&P has consistently led Bitcoin in all-time high breaks, and this is promising as Bitcoin is still below 40%  it’s all-time high while the S&P is approaching its peak. This prediction is based on his Analysis of market trends and indicators, suggesting that Bitcoin could experience a significant surge in the coming months, potentially mirroring the record highs of the S&P 500. According to Svenson, the S&P 500’s position serves as a key factor in his projection for Bitcoin’s f...