Samson Mow, the CEO of Jan3, recently commented on the Bitcoin dominance trend, suggesting that it still has room to grow. Mow analyzed the potential altcoin prices if they were on par with Bitcoin in terms of total supply. He highlighted the concept of “unit bias,” which often misleads inexperienced investors into thinking that cheaper altcoins are more valuable than owning part of a Bitcoin. Mow questioned the valuations of altcoins when compared on a level playing field. According to his calculations, altcoins like Ether (ETH), XRP, and Solana (SOL) would see significant price increases if unit bias was removed. Mow emphasized that many altcoins take advantage of unit bias by having a high total supply, making it difficult for investors to understand the true value. Bitcoin dominance is a key metric used by traders to determine market trends, with a current dominance of 63.69%. Analysts initially expected Bitcoin dominance to peak at 60% by late 2024, signaling the start of an altcoin season. However, Mow believes that Bitcoin dominance could go even higher, indicating a potential shift in the market. Stay updated with the latest cryptocurrency news and trends for insights into the evolving market landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"
Samson Mow, the CEO of Jan3, recently commented on the Bitcoin dominance trend, suggesting that it still has room to grow. Mow analyzed the potential altcoin prices if they were on par with Bitcoin in terms of total supply. He highlighted the concept of “unit bias,” which often misleads inexperienced investors into thinking that cheaper […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/99208"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=99208"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/99208\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=99208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=99208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=99208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}