Crypto Analyst Suggests Altcoins Could Surge More If Bitcoin Dominance Drops to 45%

Key Points

1. Bitcoin dominance stands at 64.46%, with a modest 1.53% decline over the past week, while altcoins like MemeCore, Mog Coin, and Stellar have seen significant gains.

2. Ether (ETH) has risen by 17.68% in the past week, and the ETH/BTC ratio increased by 8.39%, indicating growing altcoin interest.

3. The Altcoin Season Index currently favors Bitcoin with a score of 29 out of 100, suggesting altcoin season could begin if Bitcoin dominance declines further.

4. Michael van de Poppe predicts a major altcoin bull run if Bitcoin dominance drops to 45%, aligning with Santiment's data on broader market rallies.

5. Investors are advised to diversify portfolios with promising altcoins and monitor Bitcoin dominance closely for potential market shifts.