Crypto analyst Benjamin Cowen has expressed concerns that Bitcoin’s significant market share might soon lead to increased volatility in the altcoin sector. In his recent update, Cowen discussed Bitcoin’s dominance at 59.68%, which, according to the latest figures, has slightly decreased to 59.61%, suggesting a stable crypto market environment.
Bitcoin's Dominance and Its Effects
Cowen predicts that if Bitcoin’s dominance hits the 60% mark, it could act as a trigger, altering the current dynamics of the cryptocurrency market, particularly impacting altcoins. In light of this prediction, investors are searching for the best altcoins to invest in.
Top Altcoins to Invest in Today
OKX has announced the publication of its 27th consecutive Proof of Reserves report for January 2025. MANTRA Finance is leading the way in incorporating asset tokenization into its UAE-based platform. Onyxcoin (XCN) has experienced significant expansion, now boasting 99,000 holders.
Market Analysis: OKB, MANTRA, and Onyxcoin
OKX has recently achieved a significant milestone by becoming the first global cryptocurrency exchange to obtain a Markets in Crypto-Assets (MiCA) license from the European Union. This regulatory approval is a landmark for the crypto industry, allowing OKX to introduce its fully regulated crypto products to over 400 million potential users across Europe. MANTRA Finance focuses on asset tokenization in the UAE. Onyxcoin has seen remarkable growth with 99K holders.
As the crypto markets continue to evolve, the dominant force of Bitcoin remains a topic of discussion. In the long term, its dominance could significantly impact the altcoin market.
