Razor1911
Active member
Bitcoin, the market leader of the crypto market has the capitalization of 35% of the overall crypto market cap. There is no doubt that it is the main market mover, but as per the analysis of bitcoin, It has become less attractive for the investors. The main reason is the valuations are high and has less room to go higher here.
Bitcoin is trading at 38800 levels at the moment. Even if we remain extremely bullish here, the price could reach upto $100000 which is almost 240% return fromntodays price. The return is not low, but compared to the past performances, it is nothing. There are also so many other coins which can give much better return than bitcoin. Due to it's limited scope, the investors are now shifting to other cryptos.
Bitcoin is trading at 38800 levels at the moment. Even if we remain extremely bullish here, the price could reach upto $100000 which is almost 240% return fromntodays price. The return is not low, but compared to the past performances, it is nothing. There are also so many other coins which can give much better return than bitcoin. Due to it's limited scope, the investors are now shifting to other cryptos.