YCC Crypto Alpha #22

Our latest community alpha & portfolio updates.

No time to scroll on X or Discord? I got you covered!

These posts are your gateway to our latest market alpha, top coins to watch and community updates. They also keep our busy Patrons happy and informed.

This issue covers:

• Latest market outlook

• Bet on strength - six coins to watch now!

• YCC portfolio updates

• Market tip of the week

TLDR: Bitcoin’s Dominance made a new yearly high while most of the market is in red. This cycle is turning into an exclusive bull market for Bitcoin with very few other coins enjoying this privilege.

There is only one chart going up lately and that’s the Bitcoin Dominance. It reached 56%, a level not seen since 2021! While Bitcoin consolidates in a bullish ascending triangle, altcoins made new local lows.

For example, GMX reached bear market levels during this recent crash (more on that in the next section). Ethereum also made a lower low vs Bitcoin, something not seen since April 2021! Where is the altcoin season? This starts to read like a bull market for Bitcoin only.

The days before the halving were going to be volatile, but I did not expect altcoins to get crushed to these levels while BTC just casually ranges. If this trend continues, BTC Dominance will likely go to 60% as altcoins struggle to keep up in the post-halving months.

There is a lot of alpha to take away from this price action. Pay attention because this trend will likely continue with few altcoins able to outperform the market leader. Time to search and bet on strength!

Let’s explore that in the next section where I look at six top performing alts.

If you struggle to pick altcoins, then you are in luck! Whenever the market crashes, like now, pay close attention. Volatility gives precious hints that you can exploit to your advantage.

First, let’s take a look at GMX since I mentioned it earlier. Its price crashed by 72% from the all-time high and erased almost all gains since its release. That’s a bear market price action in a supposedly bull cycle. What is going on here?

GMX lost its competitiveness against other decentralized exchanges like HyperLiquid that came and ate its cake from 2022-2023. This is now reflected in the price.

GMX is a perfect example of what not to buy in a bull market. Never buy weakness. Bet on strength, or in other words, winners. Bitcoin tops the list in that category, but there are also plenty of altcoins that showed strength this week.

Let’s look at six examples next. I also share my altcoin watchlist at the end so you don’t miss on anything.