{"id":176973,"date":"2021-08-15T05:30:38","date_gmt":"2021-08-15T00:00:38","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=176973"},"modified":"2021-08-14T18:12:10","modified_gmt":"2021-08-14T12:42:10","slug":"what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\/","title":{"rendered":"What does Bitcoin&#8217;s current trajectory mean for Cardano, XRP, MATIC, and Dogecoin"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The past seven days have been a wild ride, with the bulls getting a clear upper hand this time. As the total crypto market cap went above the $2 trillion mark once again, anticipation around another rally peaked. However, in the last few months, weekends were especially hard on the market. Weekend blues brought with them dips that left the market stunned. Will this weekend be a pleasant ride upward or will the market go down yet again?<\/span><\/p>\n<h3><b>The king coin needs to hold ground<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">With <a href=\"http:\/\/ambcrypto.com\/category\/bitcoin-news\/\">BTC<\/a> testing the $47K mark, speculations regarding the market sentiment over the weekend have built up. Even though the ride so far has <\/span><a href=\"http:\/\/ambcrypto.com\/bitcoin-is-set-for-a-pump-to-60k-if-this-happens\/\"><span style=\"font-weight: 400;\">been smooth<\/span><\/a>, there are clear <span style=\"font-weight: 400;\">signals highlighting the continuation of the bull run. Further, things took an unpleasant turn as BTC faced a major resistance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There was no considerable jump in Bitcoin\u2019s active addresses and daily active addresses. Even though that isn\u2019t particularly a bad sign, BTC\u2019s diminishing dominance is. With Bitcoin retracing its step at the $46K level at press time, its market dominance took a step back.\u00a0<\/span><\/p>\n<figure id=\"attachment_176974\" aria-describedby=\"caption-attachment-176974\" style=\"width: 1791px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC.D_2021-08-14_15-24-29.png\"><img decoding=\"async\" class=\"size-full wp-image-176974\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC.D_2021-08-14_15-24-29.png\" alt=\"\" width=\"1791\" height=\"758\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC.D_2021-08-14_15-24-29.png 1791w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC.D_2021-08-14_15-24-29-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC.D_2021-08-14_15-24-29-1024x433.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC.D_2021-08-14_15-24-29-768x325.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC.D_2021-08-14_15-24-29-1536x650.png 1536w\" sizes=\"(max-width: 1791px) 100vw, 1791px\" \/><\/a><figcaption id=\"caption-attachment-176974\" class=\"wp-caption-text\">Source: Trading View<\/figcaption><\/figure>\n<h3><b>Bitcoin season still in full swing<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">With Bitcoin\u2019s dominance falling, the <a href=\"http:\/\/ambcrypto.com\/category\/altcoins-news\/\">alt season<\/a> is usually expected to take off. That however, didn\u2019t seem to be the case, at the time of writing. While BTC dominance fell to levels lower than in July and June, the market continued to look favorable towards the king coin.\u00a0<\/span><\/p>\n<figure id=\"attachment_176975\" aria-describedby=\"caption-attachment-176975\" style=\"width: 1462px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC14-164215.png\"><img decoding=\"async\" class=\"size-full wp-image-176975\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC14-164215.png\" alt=\"\" width=\"1462\" height=\"730\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC14-164215.png 1462w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC14-164215-300x150.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC14-164215-1024x511.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/BTC14-164215-768x383.png 768w\" sizes=\"(max-width: 1462px) 100vw, 1462px\" \/><\/a><figcaption id=\"caption-attachment-176975\" class=\"wp-caption-text\">Source: Blockchain center<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The altcoin season index was at as low as 8 which meant that it is clearly Bitcoin season. According to this <\/span><a href=\"https:\/\/www.blockchaincenter.net\/altcoin-season-index\/\"><span style=\"font-weight: 400;\">data website<\/span><\/a><span style=\"font-weight: 400;\">, an alt season takes place when 75% of the top 50 coins performed better than Bitcoin, over the last season (90 days). Since the same wasn\u2019t noticed to be occurring in the market, the ongoing season still had Bitcoin written all over it.<\/span><\/p>\n<h3><b>Is alt season approaching in the near future<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">With alts like Cardano, XRP, MATIC, and Dogecoin all rallying in the last week the market has also been bullish on alts. Looking at this, it ideally should be the onset of an alt season but that wasn\u2019t the case. However, this could very well be seen as the pre-alt season rally.\u00a0<\/span><span style=\"font-weight: 400;\">According to analyst Benjamin Cowen, <\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;&#8230;with BTC above 20 week SMA as support and its current consolidation in the $46-$48K mark there is enough room for alts to rise.&#8221;<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Even though most alts were bridging the gap between their ATHs a heat map highlighted that at press time, considerable number of alts were in the red i.e. they were losing prices. More alts needed to be green for an alt season to actually begin, however, this does look like a start.\u00a0<\/span><\/p>\n<figure id=\"attachment_134129\" class=\"wp-caption aligncenter\" aria-describedby=\"caption-attachment-134129\"><figcaption id=\"caption-attachment-134129\" class=\"wp-caption-text\">\n<figure id=\"attachment_176976\" aria-describedby=\"caption-attachment-176976\" style=\"width: 1888px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Heatmap49.png\"><img decoding=\"async\" class=\"size-full wp-image-176976\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Heatmap49.png\" alt=\"\" width=\"1888\" height=\"571\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Heatmap49.png 1888w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Heatmap49-300x91.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Heatmap49-1024x310.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Heatmap49-768x232.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/Heatmap49-1536x465.png 1536w\" sizes=\"(max-width: 1888px) 100vw, 1888px\" \/><\/a><figcaption id=\"caption-attachment-176976\" class=\"wp-caption-text\">Cryptocurrency Market Overview. Source: Quantify Crypto<\/figcaption><\/figure>\n<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Either way, the chances of a major dip over the weekend were unlikely. However, with a correction in BTC prices, the market could see a minor correction too. Other than that most metrics highlighted healthy signs. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The past seven days have been a wild ride, with the bulls getting a clear upper hand this time. As the total crypto market cap went above the $2 trillion mark once again, anticipation around another rally peaked. However, in the last few months, weekends were especially hard on the market. Weekend blues brought with<a href=\"https:\/\/ambcrypto.com\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\/\">Continue reading <span class=\"sr-only\">&#8220;What does Bitcoin&#8217;s current trajectory mean for Cardano, XRP, MATIC, and Dogecoin&#8221;<\/span><\/a><\/p>\n","protected":false},"author":42,"featured_media":176977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,35,360,66,3,4,20],"tags":[],"class_list":["post-176973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What does Bitcoin&#039;s current trajectory mean for Cardano, XRP, MATIC, and Dogecoin - AMBCrypto<\/title>\n<meta name=\"description\" content=\"As the total crypto market cap went above the $2 trillion mark once again, anticipations around another rally peaked.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ambcrypto.com\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What does Bitcoin&#039;s current trajectory mean for Cardano, XRP, MATIC, and Dogecoin - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"The past seven days have been a wild ride, with the bulls getting a clear upper hand this time. As the total crypto market cap went above the $2 trillion\" \/>\n<meta property=\"og:url\" content=\"http:\/\/ambcrypto.com\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-15T00:00:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/08\/trading-6531134_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Varuni Trivedi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/varuni_trivedi\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Varuni Trivedi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\\\/\"},\"author\":{\"name\":\"Varuni Trivedi\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/486396e8ec102486f5426f2c8db770f1\"},\"headline\":\"What does Bitcoin&#8217;s current trajectory mean for Cardano, XRP, MATIC, and Dogecoin\",\"datePublished\":\"2021-08-15T00:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\\\/\"},\"wordCount\":524,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/trading-6531134_1280.jpg\",\"articleSection\":[\"Altcoin\",\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\\\/\\\/ambcrypto.com\\\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\\\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ambcrypto.com\\\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\\\/\",\"url\":\"http:\\\/\\\/ambcrypto.com\\\/what-does-bitcoins-current-trajectory-mean-for-cardano-xrp-matic-and-dogecoin\\\/\",\"name\":\"What does Bitcoin's current trajectory mean for Cardano, XRP, MATIC, and Dogecoin - 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