CandleFocus Altcoins Dominate as 77.6% Alts Outperform Bitcoin
2024-12-03
Author: Content Editor
The cryptocurrency market is experiencing a shift in interest, as altcoins are currently outperforming Bitcoin. According to CryptoQuant, 77.6% of altcoins are surpassing Bitcoin in terms of performance, indicating a potential altcoin dominance. This trend suggests that more investors are choosing altcoins over Bitcoin. The dominance of Bitcoin has decreased from 58.5% to 57.37%, showing a decline in its market share. The market cap of altcoins has risen to $95.29 billion, indicating increased inflows into the market. The Altcoin Season Index also supports the notion of an ongoing altcoin season, where altcoins gain more attention and trader activity. This shift in the market could be the start of a new chapter where more users turn to altcoins for higher returns. Traders and analysts are closely monitoring these changing market structures, as altcoins may lead the market into a new phase.
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