Ethereum

Bitcoin

Polkadot

Rekt

<p>For a few months now, Bitcoin has been more than ever at the forefront of the crypto market, reaching a level of dominance not seen since 2021. This surge leaves little room for other digital assets, and <strong>altcoins</strong> seem increasingly fragile in the face of this Bitcoin wave. So, facing this situation, should we distance ourselves from altcoins, or is it too early to draw definitive conclusions?</p>
<h2 id="h-une-domination-ecrasante-du-bitcoin">An Overwhelming Bitcoin Domination</h2>
<p>On September 16, 2024, Bitcoin’s dominance reached 58%, a multi-year high reflecting investors’ renewed confidence in the asset.</p>
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<p>This figure is not insignificant. It represents Bitcoin’s share of the total crypto market capitalization, and this growth has accelerated over the past two years. After <a href="https://www.cointribune.com/crypto-leffondrement-de-ftx-aura-plus-de-retombees/" target="_blank" rel="noreferrer noopener">the collapse of <strong>FTX</strong></a> in November 2022, which saw Bitcoin’s share drop below 40%, the trend has slowly but surely reversed.</p>
<p>Today, while <strong>Ethereum</strong> and other altcoins struggle to keep up, Bitcoin is asserting itself almost overwhelmingly.</p>
<p>The <strong>Ethereum</strong> network, for example, has seen its market share drop below 14%, a three-year low. This decline in Ethereum, considered Bitcoin’s main rival, shows how concentrated the current market dynamic is around <strong>BTC</strong>.</p>
<p>However, this extreme dominance of Bitcoin is not without risks. Such a massive market share can indicate a market too focused on a single asset, creating a dangerous dependency.</p>
<p>For altcoins, this can mean marginalization or even continued demand declines, putting projects in difficulty.</p>
<h2 id="h-les-altcoins-des-actifs-menaces-ou-opportunites-a-saisir">Altcoins: Threatened Assets or Opportunities to Seize?</h2>
<p>As Bitcoin’s dominance reaches new heights, the question arises: do altcoins still have a future? On one hand, Bitcoin’s rise might scare some investors and push them to abandon altcoins to focus on the market leader.</p>
<p>On the other hand, this situation could open up <strong>buying opportunities</strong> for those who believe in a strong comeback of altcoins during the next “altseason.”</p>
<p>Experts are divided. Some, like analyst <a href="https://x.com/rektcapital/status/1834981586204246485" target="_blank" rel="noreferrer noopener"><strong>Rekt Capital</strong>,</a> believe Bitcoin’s dominance could rise further, noting that a similar trend in 2019 pushed Bitcoin’s dominance to 71%. If this scenario repeats, altcoins risk being left behind with poor performance over a prolonged period.</p>
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<p>However, other specialists like <strong>Cryptollica</strong> anticipate a reversal. They believe Bitcoin’s dominance could decline by mid-2025, opening the door for a new expansion phase for altcoins.</p>
<p>This “altseason” could result from a slowdown in Bitcoin, redirecting capital to smaller but equally promising projects.</p>
<p>It is also essential to consider that some altcoins, despite Bitcoin’s current dominance, continue to have <strong>strong use cases</strong>. Projects like <strong>Ethereum</strong> or <strong>Polkadot</strong> possess robust underlying technologies and dynamic ecosystems. This context could offer a refuge for investors willing to wait and see these altcoins regain their former glory.</p>
<h2 id="h-faut-il-fuir-les-altcoins">Should You Flee Altcoins?</h2>
<p>The choice to move away from altcoins is not as obvious as it seems. Sure, Bitcoin’s dominance is a crucial factor, but it’s essential to remember that the cryptocurrency market is notoriously volatile.</p>
<p>A rapid rise in Bitcoin could precede a major correction, allowing altcoins to regain ground.</p>
<p>Cautious investors might feel tempted to turn to Bitcoin, considered more stable and resistant to fluctuations.</p>
<p>However, those who believe in diversification know that some altcoins still represent interesting investment opportunities.</p>
<p>The crypto market has shown in the past that altseason cycles can emerge at unexpected times, offering substantial gains for those who have been patient. Furthermore, <a href="https://www.cointribune.com/en/crypto-this-little-known-project-soars-by-92-2-and-shakes-up-the-market/" target="_blank" rel="noreferrer noopener">an unknown project is shaking the market.</a></p>

The Reign Of Bitcoin Is Asserting Itself: Should We Flee From Altcoins?

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