Data shows traders rushed to buy altcoins during Bitcoin’s dip to $50K

[sirty143]

Bitcoin’s (BTC) recent downturn temporarily pulled its dominance rate down to 49.5% which is the lowest level since August 2018. This has led a growing number of traders to predict that altcoins will outperform Bitcoin in the short term. Over the past few months, the price action from altcoins seems... See more for yourself here.

Your opinion is greatly appreciated.

[Senin]

Well, hopefully we have a good altcoin season ahead of us, as has been predicted for a long time. Ethereum is now really showing a very high rate of price growth compared to Bitcoin. Now the price of ethereum has already exceeded $ 2,700. while bitcoin is still in the $ 54,000- $ 55,000 range for a long time. In general, I am very pleased with the current situation in the cryptocurrency market and would like to see how this market would work if bitcoin lost its price dominance.

[Richard_1]

It is high time for altcoins to start active price growth, I think that this process started with a slight delay. But it's still nice to see the rise of altcoins even in such a situation. We have been waiting for this moment for a long time)