The Current State of the Crypto Market: What You Should Know

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It is actually good news for the crypto world as Bitcoin (BTC) has surged past the $100,000 mark. This is a positive sign for investors and enthusiasts alike, showing strong confidence in the market. However, despite this massive move by BTC, most altcoins haven’t shown the same level of growth yet. I believe this is a clear sign that we are not in the “altcoin season” at the moment. However, it is just a matter of time before altcoins catch up and start showing strong movements, too. If not in a couple of weeks, maybe towards August. This is just my opinion, though.

For now, this is a good period to stay alert and start planning your next move. Since the crypto market is known for its unpredictable nature, it is just wise to do your research and look out for solid projects that offer promising returns. There are many new projects popping up every day, but not all of them are trustworthy. In fact, if you check platforms like CoinMarketCap, you will see new coins being launched almost every hour. Sadly, many of them are fake, clones of existing coins, or even created just to scam investors.

This is why it is important to be very cautious before putting your money into any crypto project. One of the first things to look out for is the community behind a coin. A well-organized project without a strong, active community is a red flag. Crypto projects grow and gain value not just by technology or hype but also through solid support from real people who believe in them.

Another key factor to consider is the coin’s ownership. Be careful about investing in coins where a single person or a small group holds a large percentage of the supply. Why? Because if that person decides to sell off their holdings, it can crash the entire market value of that coin. A good crypto project should have a fair distribution of coins and be decentralized enough to survive changes in individual ownership.

In conclusion, while the rise of BTC is exciting, it’s not yet time to go all in on altcoins without careful research. Use this time to study the market, learn about different projects, and watch how communities grow. Look for transparency, solid use cases, and fair ownership. The next altcoin season might be closer than we think, and those who prepare wisely now will be in the best position to benefit from it.

Stay sharp, stay safe, and always invest smart.

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The Bitcoin market is growing, but I hope the prices of other coins will increase. Very good post.

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Nice write. I like how someone you move from one type of content to another. BTC dominance has gotten to around 65% the hot take is that the dominance might reach 71% before alts will finally break out. That is, we might need to see BTC at 110 to 115k for this dominance to be achieved, and after it does then the pump begins. Look at Ethereum, it was considered dead for a long time until three days ago. So the focus is on Ethereum, because it's what moves the alt market, and Ethereum has began the pump.

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