Recent data shows that the cryptocurrency market is shifting from Bitcoin dominance to active growth of altcoins, particularly those related to staking.
New Trends in Altcoin Market
According to Altcoin Vector, the share of altcoins in the total market volume has risen to 48%. This indicates that nearly half of the top 100 altcoins are showing positive trends against a backdrop of increasing interest in cryptocurrencies.
Growing Popularity of Staking
The rising interest in liquid staking derivatives (LSD) is becoming the central theme of the market. This trend coincides with BlackRock's recent move towards creating Ethereum staking ETFs, drawing attention to tokens like LDO and Layer 2 assets.
Confirmation of Changing Investor Interests
Data from Swissblock demonstrates a shift in investor interests: the previously observed Bitcoin wave is beginning to fade, making way for surging altcoins. This indicates a critical moment for the crypto market where altcoins, not Bitcoin, are now in the spotlight.
Thus, the rise of altcoins and the changing interests of investors may signal a new cycle in the cryptocurrency space where staking and altcoins take a more prominent position.
