The crypto market is currently showing positive trends, with altcoins like Ethereum and Cardano demonstrating steady growth. Meanwhile, Bitcoin's dominance is on the decline.
Current Situation in the Crypto Market
In recent days, there has been a notable rise in altcoins. Over the past week, Bitcoin's dominance has decreased by more than 6.3%. Traders are starting to shift their focus to altcoins such as Ethereum, Cardano, and Solana, which have shown higher growth rates compared to BTC.
Ethereum Price Predictions
Ethereum is demonstrating strong growth, starting at around $2406 in early July and reaching $3638.97. Over the period from July 8 to 21, the cryptocurrency increased almost 48%. Despite a slight 2.9% dip in the past 24 hours, ETH's bullish momentum remains significant. Fundstrat's Thomas Lee suggests Ethereum could reach $4000 to $5000 by the end of the month.
Cardano's Prospects
Cardano is steadily building its momentum, starting the month at $0.5416 and recently crossing $0.8604, representing a gain of over 60% in just three weeks. In the last two weeks alone, ADA climbed 50.4%. Alex Becker, previously skeptical about Cardano, now predicts that ADA could rise to $5 if ETH crosses the $5K mark.
Bitcoin's declining dominance indicates increasing interest in altcoins, which could lead to further movements in the sector. Traders and investors continue to closely monitor developments.
