CandleFocus Analysts Anticipate Altcoin Outperformance and Bullish Q4
2024-09-12
Author: Content Editor
Bitfinex analysts predict a potential shift in the cryptocurrency market, with altcoins potentially outperforming bitcoin in the coming months. They highlight bitcoin's declining dominance and altcoins' resilience as key indicators of this trend. The report suggests that if bitcoin dominance has reached its peak, altcoins could experience a period of outperformance, especially if macroeconomic conditions improve. The analysts also mention a decline in altcoin speculation and possible seller exhaustion as supporting factors for this outlook. The forecast depends on factors such as easing inflation and improved macroeconomic data.
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