Are we about to have another altcoin rally?

[crevbi]

I think we will be able to see the alt season next year, but well, at the moment bitcoin prevails over other cryptocurrencies, its domination is 70% and 30% all the rest

[nelson4lov]

Another altcoin rally? I doubt we gonna have that, cause from the look of things the present bull run is just about bitcoin and Ethereum the rest altcoins are just bleeding badly, as of yesterday it was bloody cause almost all altcoins went down - 20%+,with that said i don't think we are going to have an altcoin rally this year or next  .

[Rafiq]

History repeats itself all the time. I think that is going to happen soon in cryptocurrency as well. In the case of Bitcoin, it has already happened like in 2017 and it looks like it will happen in the case of altcoins till next year i.e. 2021. That's why I've invested in several altcoins.

[Freemind]

This bull run is only for Bitcoin, as I said in another thread that talked about Ethereum, when Bitcoin starts to go down (a correction is normal) the alts will likely increase as many investors will want to diversify their funds.

[Bobcrypto]

Yes, been bitcoin has actually experienced a full bull run since the last 3weeks, unfortunately altcoins has not responded to the best of my knowledge in the last 3weeks too.
We are yet to see altcoins pump or bull run, probably altcoins  season may place take in early 2021. I am waiting to see the altcoin that will beats it's 2017 all time high.

[bigcash2011]

Personally I would wait and like to see bitcoin moon towards new highs first although alts will moon too but bitcoin will be the first mover so let it do so first.

[ayatoslaw]

Personally I would wait and like to see bitcoin moon towards new highs first although alts will moon too but bitcoin will be the first mover so let it do so first.

That will happen if the dominant bitcoin is below 50, unfortunately the dominant bitcoin is still up and now it reaches 69, the tough challenge for the dominant bitcoin has to break the 62 support area before dropping to the 50 area.
And if it works, the altcoins will go to the moon.

[Nikawe]

Now bitcoin dominance over 68 percentages and Ethereum dominance more than 10 percentage. I think bitcoin dominance below 50 percentage impossible.

[ayatoslaw]

I think bitcoin dominance below 50 percentage impossible.

That might happen, but not anytime soon, because when the bull market is at its peak the dominance of bitcoin must be below 50 for the altcoins to go to the moon too,



You can see, the last time bitcoin dominance touched below 50, it was at the peak of the bull market late 2017.
So it is possible that this will happen again to bitcoin.

[Delgboke]

I think a time has come altcoins need to wakeup since 2017 down to 2020 bitcoin has been outperforming altcoins market and its not been good to the crypto market just to see only bitcoin bull run without the altcoins market rising too but let's hope that the game is going to change in the coming year 2021 hopefully.

[Malam90]

Bitcoin breaks all ATH record yesterday. Ethereum is now about to touch $700 but other altcoins are still under valued. Only Bitcoin dominance in increasing till now but i personally believe after bitcoin price some extent stable, altcoins will start growing. Hopefull the new year can be the blessing of altcoins.

[yohananaomi]

Bitcoin breaks all ATH record yesterday. Ethereum is now about to touch $700 but other altcoins are still under valued. Only Bitcoin dominance in increasing till now but i personally believe after bitcoin price some extent stable, altcoins will start growing. Hopefull the new year can be the blessing of altcoins.

Bitcoin will create another and very significant new ATH in the next year and I believe that if I look at the first and second halving where the% difference is quite high.
due to the fast movement both up and down of bitcoin,  altcoin was unable to keep up with that movement.
I agree that there will be a lot of new ATH growing for altcoins next year.