Summary
- An analysis has emerged that altcoin dominance has been declining since early 2024.
- It was observed that the decline in this cycle is faster and more severe than in the previous cycle.
- It is worth noting whether a significant rise like in 2021 will occur in 2025.
In the cryptocurrency market, altcoin dominance, which represents the market share of altcoins, has shown a continuous decline.
On the 11th (local time), a well-known cryptocurrency trader, Daan Crypto, stated on X (Twitter), "Altcoin dominance has been on a decline since early 2024. It tested the lowest point in June 2023."
He added, "In this cycle, the decline in altcoin dominance is faster and more severe than in the previous cycle."
However, there was also an explanation that altcoin dominance showed an upward trend in the last cycle, so it is worth watching. Daan noted, "A significant rise in altcoin dominance occurred in 2021, which was the year after the halving. It will be interesting to see if the same pattern emerges in 2025."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
