• Altcoins are showing potential for recovery, highlighting growing investor confidence.

  • Well-known cryptocurrency analyst Michaël van de Poppe believes that altcoins may have hit bottom.

  • Solana and Chainlink are leading the recovery with massive price gains.


As BTC dominance declines, altcoins are rebounding strongly against Bitcoin, signaling a possible trend reversal.


Solana and Chainlink Lead Altcoin Rally

Altcoins have seen a notable rebound following a sharp sell-off earlier this week, injecting new optimism into the market.  Solana (SOL) has been leading the pack, surging 10% and recovering the previous week’s losses. The cryptocurrency is currently trading at $136. Chainlink (LINK) has also mirrored the positive trend, rising 8% to $14.09.



Bitcoin dominance declines, altcoins perform strongly

Bitcoin’s price corrected, briefly dipping below $59,000 before partially recovering to $61,500, while Bitcoin dominance has seen a significant 2% decline over the past 24 hours. The decline paved the way for massive liquidity inflows into altcoins, fueling their recent strong performance. Well-known cryptocurrencies such as Cardano (ADA), Dogecoin (DOGE), and Toncoin (TON) have all experienced gains of 3-5%.



Potential altcoin season amid structural shift

Market indicators suggest that the cryptocurrency market may be preparing for an altcoin season. The “Total 3 Index,” which includes Bitcoin and Ethereum, remains strong at key support levels, suggesting a possible trend reversal. According to expert insights, this could herald the start of a new altcoin season, characterized by a decline in BTC dominance and stronger performance by altcoins.



Opinions from leading cryptocurrency analysts

Michaël van de Poppe, a well-known cryptocurrency analyst, said that altcoins usually lag behind Bitcoin's downward trend, but once Bitcoin stabilizes or bottoms, they will rebound quickly. Based on current market trends and historical patterns, Van de Poppe believes that we may have witnessed the early stages of this recovery. He also pointed out that Bitcoin pairs usually signal the bottoming process before USDT pairs.

Overall, the recent decline in Bitcoin dominance has breathed new life into the altcoin market, with prominent cryptocurrencies such as Solana and Chainlink leading the charge. Insights from analysts such as Michaël van de Poppe have further solidified the idea that many altcoins may have bottomed out, signaling that strong gains could be ahead. As market dynamics continue to develop, investors will be watching closely for signs of a sustained trend reversal, which could spark a broader rally in altcoins.

You need to plan ahead for the three major cryptocurrencies with 100 times the potential!


TREES

Since Bome debuted on Binance, it has experienced two notable market corrections, one of which hit around 0.007. These price fluctuations reflect that Bome’s value foundation is gradually strengthening, which is undoubtedly an encouraging sign.

It is worth mentioning that Bome will be listed on the Coinbase trading platform on the 20th, which is undoubtedly a positive market signal. With the expansion of derivatives trading, it is expected to inject more market liquidity and trading activity into Bome, which is expected to further boost its market price.

Bome successfully landed on Binance in just 3 days, even surpassing Pepe's 20-day record, which is enough to demonstrate the strong financial and resource advantages behind it.


The layout is ongoing, communication +: Btc4532 welcomes everyone to participate actively and witness the miracle moment together


BONK

Bonk (BONK), the second largest memecoin on the Solana chain, is also ranked third among the altcoins worth paying attention to this year. With the recent integration of PayPal USD into the chain, the popularity of the Bonk ecosystem has been further enhanced. Looking back over the past year, the price of BONK has soared by an astonishing 8,650%, showing strong upward momentum.

Bonk's recent listing on Coinbase, especially the launch of its perpetual futures contracts, has attracted widespread attention from the market. This has undoubtedly enhanced BONK's market credibility, and we expect its market demand and trading activity to further increase.


PEOPLE

Although the birth of the PEOPLE token is closely linked to the auction plan for a copy of the U.S. Constitution, the failure of the plan did not shake the PEOPLE token's solid position in the market. At present, the PEOPLE token with a stable trading price continues to attract investors' attention. With the popularization of the concept of decentralized autonomous organizations and the increase in community-driven projects, the value of the PEOPLE token is expected to be further improved.


Finally, there are still many things that are not written here, such as specific opportunities, specific decisions, and advance ambushes of layout. These things are often not something that can be summarized in one article. Follow me to view the introduction and share more bull market strategies and cutting-edge consultations in the currency circle for free.