Bitcoin has been at the center of attention for a while now, previously hitting a new ATH earlier this year, only to plummet back down to $55k. The year has also seen the oldest coin’s dominance go up, especially in the last few months.
However, new data suggests that the original crypto’s dominance is once again starting to drop, which could allow altcoins such as Solana and Ethereum to strengthen theirs. It is unlikely that they will surpass or even come close to BTC anytime soon, but as time passes, they are seemingly becoming stronger and stronger.
The prediction of Bitcoin’s dominance drop comes from a post on X, which said: “As $BTC Dominance Testing Range High Expecting Test Of Lower Range Area Expecting Relief Rally In #Alts However Real Recovery Start After Downside Breakout”
https://x.com/WorldOfCharts1/status/1824713950979821894
World of Charts, who published the image and the statement, is a popular crypto analyst who seemingly expects Bitcoin’s dominance to slip in the short term. On the other hand, the altcoin season index reveals that BTC still remains a highly dominant crypto, and even if its dominance slips somewhat, this will not bring a dramatic change in the crypto sector.
In the meantime, the crypto market’s volatility has pushed many toward safer alternatives, such as new coins still in presale. With meme coins being the dominant trend throughout the year, new meme coin ICOs such as Crypto All-Stars (STARS) have been gaining the biggest amount of attention.
JOIN CRYPTO ALL-STARS ICO — THE BEST NEW CRYPTO INVESTMENT THIS AUGUST
What Is Crypto All-Stars about?
Crypto All-Stars is a new meme coin project that has the potential to revolutionize staking. Unlike most other projects that let their users stake their native tokens, Crypto All-Stars introduced a new type of smart contract used for staking.
Known as MemeVault, the new contract allows users to stake more than just the project’s native STARS token. In fact, most of the major meme coins are supported, making Crypto All-Stars the first multi-asset, multi-chain staking project.
The project’s goal is to unite the meme coin sector by allowing the staking of all major and popular coins and tokens under a single roof. It supports Dogecoin, Pepe, Floki, Milady, Brett, Turbo, and more. In time, it might even expand the list further, or create a smart contract that allows users to stake any crypto.
BUY STARS BEFORE ITS PRICE GOES UP
For now, it is positioning itself as the center of the meme coin sector, and that attracted massive attention to the project. In only a few days since the launch of its ICO, it has already raised more than half a million dollars, currently at $542k, and it continues to grow rapidly.
Its token, STARS, is selling for $0.0013911, and you can buy it with ETH, USDT, BNB, or credit/debit cards. The project’s ICO will go through 50 stages in total before launch, and each of which will push the token’s price slightly higher, so buying as soon as possible will be beneficial for investors.
