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Bitcoin Is Holding $63k but Its Dominance Weakens, Will the Altcoin Market Seize the Opportunity to Grow?

September 24, 2024
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2 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

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Bitcoin’s dominance is weakening amid uncertainty, but even though the largest crypto is losing its edge, select altcoins appear to be thriving. Experts have taken this as a signal of the upcoming altcoin season.

The Crypto Market May See An Altcoin Season Soon

Bitcoin recently made another breakout attempt which the bears have managed to prevent from happening. Despite this, the largest coin managed to stay above the $63k mark, balancing at around $63.4k as of the time of writing.

This has been the case for the better part of the last seven days, ever since the coin broke the $60k barrier back on September 19. Considering the situation, some analysts have suggested that Bitcoin’s dominance might be topping out, which could hint at a potential dip. These voices are getting louder amid many others who are predicting the start of the next big rally in Q4 of this year.

If Bitcoin truly continues losing its dominance, it may open up an opportunity for the altcoin market to take charge. For now, experts suggest that altcoin investors monitor BTC’s crucial resistance level for a potential surge, just in case, but at the same time, data suggests that there are at least 15 altcoins that have outperformed BTC in the last 90 days, based on the Altcoin Season Index.

If the altcoin season is truly coming, then this might be the best time to invest in new opportunities in the altcoin market, especially when it comes to cryptos that are still in the presale stage, and have yet to see their post-launch surges, such as Mega Dice (DICE).

JOIN THE DICE PRESALE BEFORE IT ENDS AND THE TOKEN GOES LIVE

Why You Shouldn’t Pass Up On Mega Dice

Mega Dice is a new casino token created by a betting platform going by the same name. The platform is well established, as it has been around for years, providing its services to players from all around the world.

The platform has over 4,000 games, as well as dozens of sports for players to bet on. Over the years, it attracted over 50,000 registered users, and by its own count, it has around 10,000 monthly active players. This is a massive community that will use its upcoming token, DICE, which is scheduled to be integrated with its platform post-launch.

Speaking of the token’s launch, it will take place in only five days, leaving any interested investors with a short period of time to get involved with the ICO. The presale has been rather successful for a casino token, raising over $1.88 million, with the chance to hit $2 million raised before the end.

BUY DICE WITH SOL, ETH, OR BNB HERE

The DICE token currently sells for $0.116056, which will remain its price until the end of the presale. After that, the token is expected to see a strong surge. Apart from that, its holders also get benefits like daily rewards based on the casino’s performance, access to limited-edition NFTs, and, for those who join the ICO, the early bird bonus. 

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

The content on this site is not investment advice. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation, and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Before investing you should conduct your own due diligence or obtain advice where necessary. This website is free for you to use but Clickout Media Ltd may receive a commission from the companies we feature on this site.

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