Under the current dominance of Bitcoin, which stands at 61.44%, alternative cryptocurrencies (altcoins) are likely to remain in a stagnation phase until Bitcoin either stabilizes or experiences a price correction. Historically, altcoins begin to rise during the “Altcoin Season” when Bitcoin’s dominance decreases or its price stops its rapid ascent. This shift often occurs after events like halving or changes in market conditions, such as increasing institutional interest in altcoins.
Key factors for altcoin rise include:
1. Decrease in Bitcoin dominance: As Bitcoin’s dominance falls, more liquidity flows into altcoins.
2. Bitcoin’s price stabilization: When Bitcoin’s price stabilizes within a certain range, investors begin shifting their capital into altcoins.
3. Institutional interest: Large institutions moving into altcoins can lead to significant price increases for those currencies.
This shift in liquidity from Bitcoin to altcoins is expected to happen in the coming months as the market evolves.
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