$BTC dominance can’t grow forever and reach the values of the beginning of 2017
(87%), because many brand new stablecoins have been created, which grab some part of the market. Now #BTC dominance from 69.9% has decreased to 68.5%. Along with a decrease in domination $ALTS a bit recovered. However, it’s too early to talk about a full bounce upwards from theirs support.
$BNB is a major indicator of altcoins “health”. And when #BNB shows positive dynamics over a long period, alt market is growing. But with the advent of Binance launchpad coins the focus has shifted a bit on them.
Now looks like only launchpad coins showing the health of the whole $ALTS market. As a rule, the launchpad coins pump to one degree or another occurs at the same time. The exceptions are #BTT and #WIN which move independently and regardless of the other launchpad coins.
Best of all is #MATIC which sits in a very strong market maker (read more about MM in our article here
). In general #MATIC is very interesting. Despite the fact that the token sale on the coin has passed a long time ago - #MATIC always shows dynamic bounce back from supports.
A bit slightly but #ONE usually bounces too. No wonder that Coinbase chose #MATIC and #ONE for the list of candidates from the list of launchpad projects. Even worse are usually #FET #ERD #CELR. Justin's coins #BTT and #WIN generally do not show overall dynamics along with the rest of the launchpad coins.In conclusion
, we can say that times is a bit different from last years and not a secret that Binance IEO has big impact to crypto market but even from this position launchpad coins can’t fight with Bitcoin dominance, so that means better to stay away from trading before Bitcoin will hit some upcoming high target, might be even new ATH but we will see.