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Altcoins Set To Outperform Bitcoin In The Coming Months — Blockchain Firm Explains Why

  • Market intelligence firm predicts altcoins are set to outperform Bitcoin in the coming months.
  • Alphractal's analysis suggests that altcoins might see significant bullish momentum based on Altcoin Dominance metrics.
  • Altcoin Dominance metric has historically bounced from key support levels, potentially indicating upcoming altcoin rallies.
  • The current Dominance metric, around 27.91%, hints at possible market moves favoring altcoins shortly.
  • Critical support for Dominance metric (excluding ETH and stablecoins) is at 18%, signaling potential altcoin market share gains.
  • Alphractal notes the possibility of increased altcoin outperformance against Bitcoin in the near future.
  • Dominance metric fluctuations suggest upcoming market volatility, but not a definite start of an Altcoin Season.
  • Ethereum remains the second-largest cryptocurrency, with a market cap of over $302.2 billion and a token value of around $2,504.
  • ETH experienced a 1.6% price decline in the past 24 hours.

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