CandleFocus Dogecoin, Shiba Inu and Even Cardano Can Rally in 2025, Here's Why
2024-11-05
Author: Content Editor
The dominance of Bitcoin, Ethereum, Tether, and USD Coin in the cryptocurrency market is currently at around 80%, suggesting a potential change in the landscape. Historically, dominance levels for these core assets have peaked at about 82%, so there may be a final push to resistance before the end of the year. However, it is expected that dominance will start to decline in 2025, allowing altcoins like Dogecoin, Shiba Inu, and Cardano to gain momentum and rally. Altcoins tend to benefit from a shift in money when Bitcoin and Ethereum's dominance decreases, creating what is known as altcoin season. Well-known altcoins with strong user bases and community support, like Dogecoin and Shiba Inu, may particularly benefit from this trend. Additionally, Cardano's focus on scalable blockchain solutions and sustainable development positions it as a strong competitor, and as more DeFi projects and smart contracts are implemented on its network, it may surpass its recent range and move away from the dominance of BTC and ETH.
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