As the early stages of the 'counterfeit coin season' seem to be approaching, Bitcoin hovers around $35000.Bitcoin and Shanzhai CoinAccording to TradeView data, Bitcoin's market value dominance (a measure of the largest cryptocurrency's total market value) has dropped from 54
As the early stages of the 'counterfeit coin season' seem to be approaching, Bitcoin hovers around $35000.
Bitcoin and Shanzhai Coin
According to TradeView data, Bitcoin's market value dominance (a measure of the largest cryptocurrency's total market value) has dropped from 54.3% at the end of October to 52.5% on Monday, a 30 month high at the end of October.
Matteo Greco, a research analyst at Fineqia International, said, "The decline in dominance after five consecutive weeks of gains is the first sign of increased investor interest in counterfeit currency
Investment consulting firm ByteTree suggests the early stages of the 'counterfeit currency season', where the counterfeit currency market performs better than BTC prices, there is a longer period of improvement in market performance, and there is a possibility of ending the cycle. Raising interest rates provides more support for risks.
ByteTree analysts wrote, "The company has made a large number of transactions in counterfeit coins, which have been receiving attention for some time." The price of Bitcoin has risen, and the field is gradually catching up with this growth momentum
With Bitcoin consolidating horizontally near the $35000 area, the counterfeit currency market continues to recover
With a remarkable increase of over 25% on the same day and nearly 50% in the past 7 days, Blur (BLUR) officially entered the top 100 in market value. At the time of this rise, the platform is preparing to airdrop 300 million tokens to users on November 20th.
TrustWalletToken (TWT) was also one of the projects with outstanding momentum during the day, with an increase of over 20%.
Other projects such as Aave (AAVE), Arweave (AR), XDCNN (XDC), Aptos (APT), TheGraph (GRT), Injective (INJ), Chainlink (LINK), WOONetwork (WOO), Cronos (CRO), Decentraland (MANA), Toncoin (TON), Polygon (POL), Mina (MINA), Algorand (ALGO), Uniswap (UNI)... have rebounded from 5-9% in the past 24 hours.
Ethereum (ETH) continues to strive to break through $1900, forming four consecutive green candles on the daily chart. At present, the price is around $1895, a slight increase of nearly 0.5% compared to the previous 24 hours.
(Personal opinions do not constitute suggestions)
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