Altcoins Surge While Bitcoin Dominance Holds: Analyst
Altcoins are experiencing significant price increases without major shifts in Bitcoin's market dominance, which remains at 64.46%. Bitcoin reached new all-time highs over three consecutive days, peaking at $118,760. Despite Bitcoin's stability, analysts suggest that fresh capital may be entering the altcoin market. MemeCore leads the top gainers with a 1,263% surge, followed by Mog Coin and Stellar. Ether has increased by 17.68%, indicating a potential shift in focus from Bitcoin to altcoins. The ETH/BTC ratio is up 8.39%, yet the Altcoin Season Index still favors Bitcoin with a score of 29 out of 100. Analysts predict a significant altcoin bull run, with Santiment confirming the start of altcoin season, contingent on Bitcoin maintaining support above $110k.
