Bitcoin's market dominance has dropped to 59.74%, possibly indicating a shift towards altcoins. Although Bitcoin's price has slightly declined, the high Fear & Greed Index and positive funding rates show sustained investor confidence.
Decline in Bitcoin Dominance
As Bitcoin consolidates, projects like GRT, CRO, and HBAR gain momentum, highlighting potential growth in the altcoin market driven by increasing investor interest.
Rising Interest in Affordable Altcoins
Investors are seeking affordable tokens, particularly those priced under one dollar. Leading cryptocurrencies in this category are The Graph (GRT), Algorand (ALGO), Cronos (CRO), Pepe Unchained ($PEPU), and Hedera (HBAR).
Top Five Altcoins Under One Dollar
The Graph (GRT) shows strong growth, trading above its 200-day moving average. Algorand (ALGO) increases network activity with rising new addresses. Cronos (CRO) witnesses significant price hike due to whale investments and Google Cloud partnership. Pepe Unchained ($PEPU) gains attention during presale with substantial whale contributions. Hedera (HBAR) shows steady growth with plans for an HBAR-focused ETF.
Recent trends indicate a growing interest in altcoins amidst declining Bitcoin dominance, suggesting a shift in investment strategies and renewed interest in emerging tokens.
