Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead
Summary
Altcoin trading volume dominance on Binance has reached 78%, indicating strong potential for an altcoin bull market in 2025. This marks an increase of approximately 11% over the past five months, with altcoin dominance rising from 50.80% in May 2024. Retail interest is contributing to this momentum. However, the Altcoin Season Index shows a score of 46, suggesting a preference for Bitcoin, which has a dominance of 57.74%. Pseudonymous trader Mister Crypto predicts Ether (ETH) could rise from $4,000 to $8,000, potentially signaling broader altcoin gains. Analysts note that this altcoin season may differ from previous cycles, with only a few altcoins likely to thrive based on strong use cases.
