According to CryptoPotato, AI and big data crypto projects and tokens are suffering losses, reflecting the lack of a clear direction in the market. As a result, the vast altcoin space is in chaos, and traders are eagerly waiting for signals from Bitcoin.

New analysis suggests that the world’s largest cryptocurrency’s dominance is increasing, which is hampering altcoin profits. A reduction in its dominance could bring huge relief to altcoins.

Glassnode founder 'Negentropic' observed that Bitcoin's dominance in the market is currently rising, which has been suppressing altcoin gains. However, a potential decline in Bitcoin's dominance could trigger a massive rally in altcoins. Notably, POWR, FTT, and NMR have emerged as the top performers of the bunch.