- Alphractal identifies altcoin dominance growth draining Bitcoin’s market share.
- XRP surges 37.59% in a week while Cardano (ADA) also climbs, posting a 27.78% price gain.
- Altcoin dominance, excluding stablecoins, approaches the 25% historical threshold.
Investment analysis platform Alphractal has identified a growing altcoin dominance that has gradually reduced Bitcoin’s market control over the past month. The shift indicates a return of optimism for altcoins as investors diversify beyond the primary digital asset.
Current market data validates the dominance trend with several major altcoins posting strong 24-hour performance. XRP leads the top 10 cryptocurrencies with 12.37% daily gains, trading at $3.52 while achieving 37.59% weekly appreciation.
Cardano follows with 14.31% daily gains at $0.8781, delivering 27.78% weekly returns that place it second among major altcoins. Dogecoin secured a 15.66% daily appreciation, reaching $0.2436, with 24.63% weekly gains that validate the meme coin’s strength during the altcoin rotation.
Ethereum continues to post gains, with a 6.50% daily appreciation at $3,646.67, and a 22.12% weekly appreciation, supporting the strength of large-cap altcoins. Solana posted 6.25% daily appreciation to $183.14 with 12.09% weekly growth, and BNB gained 3.74% daily to $744.95 with 8.51% weekly appreciation. TRON recorded a 5.60% daily increase at $0.3286 with an 11.28% weekly increase.
Alphractal Clarifies The Surge In Altcoins
Alphractal’s calculation considers altcoin dominance minus stablecoins to determine the dominance of speculative cryptocurrencies. This metric excludes the effect of stable-value tokens to highlight how the risk assets perform.
Altcoin dominance hasn’t hit the historical 25% level that once signaled altcoin season. However, with a much larger number of altcoins in today’s market, that threshold may no longer apply, as individual market shares are now more diluted than in past cycles.
The report finds that monitoring altcoin dominance minus Ethereum and stablecoins provides a more effective altcoin investment plan. This approach has frequently provided greater returns than Bitcoin-based plans during periods of market transition.
Recent market trends indicate initial optimism in the recovery of altcoin markets following prolonged periods of Bitcoin dominance. The slow transition suggests that institutional and retail investors are reducing their exposure to the market leader.
Related: Is XRP Still Undervalued? Ripple CTO Weighs In After Price Jump
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
