Altcoin indexes from the FTX crypto exchange have outperformed Bitcoin since the start of 2020. A popular analyst, Twitter handle “@SmartContractor,” expects this trend to reverse in 2021. Since the beginning of 2020, the small-cap, medium-cap and large-cap altcoin indexes from FTX exchange have outperformed Bitcoin, according to an earlier Bitcoinist report. However, a renowned trader and analyst (@SmartContractor) expect this trend to get reversed in 2021. According to the analyst, Bitcoin dominance (the percentage of the crypto market made up of BTC) has the potential to surge to 86% by 2021-2022. He attributed this sentiment to Elliot Wave – a technical analysis tool that suggests that markets move in predictable cycles because of investor psychology. While the analyst expects altcoins to underperform Bitcoin in 2021, he shares a different sentiment from a shorter-term perspective. According to a chart he shared on Twitter, Bitcoin dominance is likely to fall in October of this year. The chart suggests a retracement of Bitcoin dominance to 60%. Notably, this is the same trader who predicted Bitcoin would bottom at $3,200 in 2018 a few months before it did. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US Pres. Trump: Rise in coronavirus cases is due to massive testing FX Street 3 years Altcoin indexes from the FTX crypto exchange have outperformed Bitcoin since the start of 2020. A popular analyst, Twitter handle “@SmartContractor,” expects this trend to reverse in 2021. Since the beginning of 2020, the small-cap, medium-cap and large-cap altcoin indexes from FTX exchange have outperformed Bitcoin, according to an earlier Bitcoinist report. However, a renowned trader and analyst (@SmartContractor) expect this trend to get reversed in 2021. According to the analyst, Bitcoin dominance (the percentage of the crypto market made up of BTC) has the potential to surge to 86% by 2021-2022. He attributed this sentiment to Elliot Wave -… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
