🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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CoinVoice has recently learned that Matrixport stated on the X platform that over the past year, Crypto Twitter has been calling for alts to rebound almost every month, but has been unsuccessful. However, the rebound of alts is not driven by chart patterns or some hypothetical lagging actions behind Bitcoin. Rather, they depend on the decline of Bitcoin's dominance and the rise in total Crypto Assets market capitalization.
As Bitcoin's dominance rises, Ethereum has performed poorly, and few other crypto assets have become credible competitors in this cycle. Without a strong alternative narrative or leadership, other crypto assets may continue to lag behind. Our other crypto assets performance models currently support this view, continuing to be bullish on Bitcoin.