According to a crypto trader, altcoins must increase in market capitalization by around 16% before entering a euphoric phase. The total market capitalization of altcoins, excluding Bitcoin and Ether, needs to surpass its 2021 all-time high of $1.13 trillion. Altcoins are currently offering a more favorable risk-reward profile compared to Bitcoin. The market has observed heightened volatility, attributed to a shift in trader behavior and increased focus on hourly chart movements and leverage. Some tokens have gained significantly while others remain stagnant. Bitcoin's market dominance has climbed to nearly 60%, causing traders to redirect their attention to altcoins for potentially higher returns.



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