Binance altcoin dominance hits 78%, analyst eyes strong momentum ahead
Altcoin trading volume on Binance has surged to 78%, signaling strong potential for an altcoin bull market in 2025, according to analyst Burakkesmeci. This figure, which rose from 50.80% in May 2024, indicates increasing retail interest in altcoins. Burakkesmeci noted that the consistent growth in trading volume on the exchange bolsters confidence in this trend. However, the Altcoin Season Index suggests that the market is still leaning towards Bitcoin Season, with Bitcoin Dominance at 57.74%, up by 2.41% over the past month. Meanwhile, trader Mister Crypto predicts significant upside for Ether, which could rise from $4,000 to $8,000, potentially spurring further gains in the altcoin market. Other analysts caution that future altcoin seasons may differ from previous trends, highlighting the need for strong use cases for surviving altcoins. As the market evolves, the dynamics between Bitcoin and altcoins continue to shift, impacting traders' strategies.
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