{"id":319860,"date":"2022-02-18T07:42:21","date_gmt":"2022-02-18T12:42:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=319860"},"modified":"2022-02-19T03:15:06","modified_gmt":"2022-02-19T08:15:06","slug":"coins-to-buy-for-the-next-crypto-bull-run","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/coins-to-buy-for-the-next-crypto-bull-run","title":{"rendered":"5 Coins to Buy for the Next Crypto Bull Run – LBLOCK decouples from Bitcoin"},"content":{"rendered":"

The Lucky Block<\/a> token LBLOCK continues to set new all-time highs, currently consolidating at just under 1 cent. At $0.01 its fully diluted marketcap will be approximately $1 billion.<\/p>\n

While last week the upcoming altcoin corrected at the same time as a drop in the Bitcoin price, at the time of writing it is up 14% in the past 24 hours despite a 7% Bitcoin crash.<\/p>\n

Altcoins that are green on the day during market crashes can be seen as a ‘safe haven’ for investors who then rotate part of their portfolios into the stronger asset. Some Pancakeswap DEX traders may be swapping Binance Coin (BNB), also red on the day, for LBLOCK.<\/p>\n

Buy Lucky Block<\/strong><\/span><\/a><\/span><\/p>\n

Cryptocurrency markets are highly volatile and your investments are at risk.<\/em><\/p>\n

Are altcoins tied to Bitcoin?<\/h2>\n

Usually most cryptos tend to follow BTC price action, crashing when BTC dumps – often by a higher percentage, as investor confidence in more volatile assets like altcoins drops when BTC is not stable or bullish.<\/p>\n

Likewise they usually go up when Bitcoin is either stable – moving sideways – or in a slow and steady uptrend, as money trickles down to more ‘risk on’ assets like altcoins. As long as BTC doesn’t pump too fast, in which case ALT \/ BTC pairs can go down as short-term traders rotate back into BTC while it is pumping and leading the market.<\/p>\n

When one altcoin such as LBLOCK today either doesn’t fall when Bitcoin falls, or actually goes up, it’s said to have ‘decoupled’ from Bitcoin.<\/p>\n

In this case it may be due to the Lucky Block project being under a month old, still in price discovery and early in its bull cycle, when hype and retail investor interest is highest. The Lucky Block crypto Reddit<\/a> has been consistently increasing in subscribers.<\/p>\n

Another reason is the passive income it can provide to holders, in the form of lottery jackpot redistributions. Coins that implement some form of incentive for holding – another form being staking rewards, providing an annual percentage yield (APY) – tend to go down less when Bitcoin dumps. Ethereum has been in a two-year uptrend against BTC, helped in part by large amounts of ETH being locked up in staking before the launch of ETH 2.0.<\/p>\n

When will altcoins decouple from Bitcoin?<\/h2>\n

In terms of when all altcoins will decouple from Bitcoin completely, that may never happen. A CoinDesk article<\/a> noted that during the selloff in equities in early 2022, BTC also crashed to $33,000 and the total crypto market cap to $1.6 trillion. BTC has now stabilized, although only once the S&P 500 did, around its 200 day EMA.<\/p>\n

With crypto being correlated to the stock market and centralized liquidity, the narrative that altcoins can decouple from Bitcoin and outperform it regardless of the macro environment looks less likely.<\/p>\n

“It appears as though the whole market is simply correlated to equities now. It will be interesting to see how that evolves with the Federal Reserve looking increasingly likely to raise rates”. – <\/em>Data analytics platform Laevitas.<\/p>\n

“Currently, the S&P 500 seems to dictate the direction of Bitcoin and the overall crypto market. Bitcoin’s 90-day correlation to the S&P 500 is currently at its highest since October 2020.”<\/em> – Arcane Research.<\/p>\n

Coins to buy for the next crypto bull run<\/h2>\n

Altcoins not decoupling from Bitcoin, and Bitcoin not from stocks, may not be a bad thing in the long run. Crypto traders have been pointing out the SPX fractal below, comparing the Bitcoin chart to a historical consolidation in the S&P 500 before it went on a bull run.<\/p>\n

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i c many ppl sharing this $SPX<\/a> fractal, agreed!! but at the same tym u cannot call 60k and deny the fact we may actually follow the fractal which will put us under 30k (20-25k)<\/p>\n

Sooner or later i do think we hit that zone, Blue or purple m not sure bt leaning towards purple!#BTC<\/a> pic.twitter.com\/5zZ32ntpVo<\/a><\/p>\n

— VΣGΣƬΛ (@VegetaCrypto1) February 18, 2022<\/a><\/p><\/blockquote>\n