Altcoins
Altcoins Are Ready to Steal Bitcoin’s Spotlight, Here’s Why
Recently, altcoin holders have faced significant stress due to market movements over the past five weeks. Big changes and turning points often involve extreme pain and patience, forcing many to give up. But it must be remembered that altcoins can only gain momentum when Bitcoin’s dominance declines. Ethereum ETF discussions are heating up, with approvals and trading expected in the first week of July.
The Bitcoin dominance graph shared by Derek on X shows the current situation mirroring the peaks of 2017 and 2021, signaling the start of an altcoin bull market. At this critical time, there is a major shift between sellers and buyers.
The upcoming Ethereum ETF S-1 is expected to be a game-changer, attracting the attention of Bitcoin whales. I believe the altcoin market will react early before the launch of the Ethereum ETF S-1 in mid-July. There will be volatility during this period, but staying calm and patient is key to navigating it.
Crypto Crusader predicts July will be a highly bullish month for the cryptocurrency market. If the ETF is approved, altcoin holders should prepare for the impact. Ethereum is expected to lead the market, reducing Bitcoin’s dominance and spurring ERC20 projects. This could trigger a rapid altseason and Bitcoin could reach $80,000-100,000 or more by the end of the summer.
He wrote: “If we see ETF approval happen in the first week, altcoin holders will need to buckle up. Ethereum will start leading the market and steal the show from Bitcoin.”
Analyst Mustache noticed on .