The current situation in the crypto market indicates a challenging phase for Bitcoin, with its price falling below $42,000. Pantera Capital’s analysts are signaling a potential turning point where altcoins may soon eclipse Bitcoin in terms of market gains. This shift is attributed to the cyclical nature of crypto rallies, where Bitcoin typically leads in the initial phase, followed by a period where altcoins gain dominance. This downturn has affected Bitcoin’s dominance to the point of barely maintaining a 50% hold. Historically, as the bull markets of 2015-2018 and again in 2019-2022 drew to a close, it was altcoins that often stole the show with gains outshining Bitcoin’s. Given the current trends and the upcoming Bitcoin halving, there is speculation that if Bitcoin doesn’t regain its bullish momentum, altcoins could see more growth this year.
In this context, certain altcoins like Solana (SOL), Ondo (ONDO), Sei (SEI), Pyth Network (PYTH), Mantle (MNT) are being viewed as promising
We współpracy z: https://cryptodaily.co.uk/2024/01/top-cryptos-primed-for-a-10x-surge-as-january-draws-to-a-close
