Market analyst Credible Crypto suggests that altcoins are on the verge of a significant shift after nearly four years of stagnation. According to the official information, during this time, Bitcoin has captured the majority of capital flows, leading to a dramatic increase in its value.
Bitcoin's Price Surge
Bitcoin's price surged from approximately $15,000 to its peak in six-figure territory, while altcoins remained largely compressed and under-owned.
Altcoin Market Dynamics
This prolonged period of sideways movement for altcoins indicates a potential buildup of momentum, as historical trends show that major rotations into altcoins typically follow Bitcoin's dominant run.
Future Outlook for Altcoins
As Bitcoin continues to solidify its position, the long-awaited resolution of the altcoin consolidation phase may be approaching. This suggests that investors should keep a close eye on the market dynamics.
In light of the recent developments in the cryptocurrency market, a report from the Russian economy ministry highlights the country's ongoing struggle for technological independence, revealing significant reliance on foreign technology. For more details, see further insights.
