Bitcoin 
$95,195 has made lower lows today and continues to do so, with altcoins following its trend. Overall, the crypto market has not showcased strong performance today. How does this situation impact Bitcoin’s market dominance? Are the losses more rapid in Bitcoin? DaanCrypto discussed this topic approximately an hour ago. Let’s delve into the forecasts for both BTC.D and WLFI.
Bitcoin Market Dominance
The BTC.D chart, which measures Bitcoin’s market capitalization relative to the entire cryptocurrency market, experiences a swift decline during periods when altcoins rally. This interval, termed an altcoin bull run, signifies a bearish phase for the BTC.D chart. Although Bitcoin does not experience significant drops, altcoins gain against Bitcoin, resulting in a decrease in Bitcoin’s market cap share.
DaanCrypto had been indicating a bearish trend for BTC.D for a while, stating that the trend continues.
“Despite relatively little movement, the downward trend for BTC.D persists. While still believing in the bearish trend, it’s important to remember that nothing declines in a straight line.
It would actually be beneficial for the market if Bitcoin could pull us out of this slow period and solidify a good breakout by regaining its dominance. Subsequently, we might see ETH and other altcoins catching up again.
If they move together immediately, it won’t be an issue, just a bit less sustainable.”
WLFI Coin Price Prediction
Today, the WLFI token completed a proposal for buyback and burn with over 98% approval. Just yesterday, we shared price predictions for WLFI, noting possible movements tied to news flow, while mentioning the high Fully Diluted Valuation (FDV). Despite today’s buyback news pushing for a $0.24 test, the move did not sustain.
Quinten, who shared the above chart, noted that the $0.24 level would be a significant breakout point, soon to be surpassed. If the $0.225 support holds, the analyst predicts new targets stretching to $0.24 and $0.3.
With recent news being highly significant, the CryptoAppsy news application works well for tracking real-time events in cryptocurrencies. As we enter the last quarter, actively using the news section of the application can be advantageous.
