XRP, Dogecoin, Shiba Inu Waiting To Pump: ‘They Dominate Mindshare, They Can Lead In Culture,’ Expert Says
Bitcoin‘s (CRYPTO: BTC) recent surge to an all-time high of $111,900 has reignited discussions about its market dominance and the potential implications for altcoins.
As Bitcoin’s dominance approaches 64%, analysts are closely monitoring whether this trend will lead to a capital rotation into alternative cryptocurrencies.
Historically, a rise in Bitcoin’s dominance often precedes a shift where investors begin to diversify into altcoins.
Speaking with Benzinga, Alice Liu, Head of Research at Coinmarketcap, noted, “With Bitcoin dominance climbing toward 63.3%, there’s potential for short-term altcoin rotation.”
She emphasized that as Bitcoin maintains its position above key levels, retail-driven tokens like Dogecoin (CRYPTO: DOGE), XRP (CRYPTO: XRP), and Shiba Inu (CRYPTO: SHIB) could garner renewed attention, especially if accumulation by whales and retail wallets continues and broader sentiment remains in “Greed.”
The sentiment among retail investors is also shifting.
Tom Bruni, VP …
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