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DK’S CHART OF THE DAY
USDT DOMINANCE 2 DAY 🔬

A critical chart to track for the broader cryptocurrency market is the Tether Dominance chart. 

This chart reveals whether market participants are taking refuge in the relative safety of USDT, which drives the dominance higher, or if capital is flowing into other cryptocurrencies, causing Tether dominance to decline. While the chart may exhibit fluctuations on shorter timeframes, the broader trend is what truly matters.

On the larger timeframes, we can observe that Tether dominance has recently attempted a rally from a base around 3.7%, but it appears to have topped out and is now starting to roll over. Currently sitting at 4.49%, we are watching for a breakdown below the key level of 4.2%. A decline from 4.2% would signal a significant shift in the market, potentially marking the start of the next upward move for the broader crypto space.

There is strong resistance in the 3.7% range, but for context, we saw the market cycle peak in November 2021, with Tether dominance bottoming out at 2.57%. While it briefly dipped below that level earlier in 2021, it remains uncertain whether Tether dominance will reach those lows again.

Nevertheless, the key point to focus on is the overall trend, as Tether dominance is inversely correlated with BTC and the broader cryptocurrency market. A shift from rising to falling dominance could signal the potential bottom or the start of the next leg up for crypto prices. Observing a continued decline in Tether dominance is crucial, as it would suggest capital is flowing out of USDT and back into the cryptocurrency market.

Book a free consultation at http://tacticaltradinghub.com to get started, See you on the inside!

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KEY STEPS TO BUYING CRYPTO 💡

Finding the best cryptocurrency coins to purchase requires research and a strategic approach. For the past few weeks, I’ve been breaking down the key steps to be taken: 

1. Fundamental Analysis – Look into the coin’s use case, team, roadmap, and partnerships. A strong project should solve a real problem and have an active development team.

2. Market Trends & Sentiment – Follow news, social media discussions, and sentiment analysis tools to gauge public perception. Coins with growing adoption and positive sentiment often perform well.

3. Tokenomics & Supply – Examine the coin’s total supply, circulating supply, and inflation rate. A well-balanced supply mechanism can contribute to long-term value.

4. Technology & Security – Check the blockchain’s security, scalability, and innovation. Coins with strong security and active developer communities tend to be more reliable.

5. Liquidity & Exchange Listings – Higher liquidity and listings on reputable exchanges make buying and selling easier, reducing investment risks.

6. Community & Adoption – A strong, engaged community and real-world adoption indicate long-term potential.

7. Strategy & Risk Management – Diversify your portfolio and have a profit taking plan. Avoid hype-driven investments, and use stop-loss strategies to mitigate risk.

By conducting thorough research and staying informed, you can identify promising crypto assets with strong growth potential. 

For a more in-depth look at each step, scroll back through our previous newsletters…Want to learn more? Join us today… www.dailygainscrypto.com 

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