Altcoins are taking center stage on Binance, with trading activity climbing from 50.8% in mid-2024 to 78% by January 2025.
This trend has sparked speculation that a major altcoin rally could define the crypto market in 2025.
Crypto analyst Burakkesmeci noted the growing participation of retail investors driving altcoin trading volume on Binance. While Bitcoin dominance remains high at 57.74%, up 2.41% in the past month, the increasing focus on altcoins suggests a shift in investor sentiment.
Analysts are divided on whether an altcoin season is imminent. Ethereum, seen as a bellwether for altcoins, has struggled recently, trading at $3,279 after a 15.77% decline over the past month. However, some, like trader Mister Crypto, predict that Ethereum could rally to $8,000, potentially triggering broader growth across altcoins.
Other voices, such as CryptoQuant CEO Ki Young Ju, suggest the dynamics of altcoin market cycles are changing. Rather than capital rotating from Bitcoin into altcoins, he believes only projects with solid use cases and clear value propositions will thrive.
With prominent industry figures like Bitwise Invest CEO Hunter Horsley expressing optimism for crypto’s future, 2025 is shaping up to be a defining year. Whether the altcoin boom on Binance signals a broader market shift or remains a localized trend will depend on market conditions and the resilience of key projects.
Pepe (PEPE) has been trending lower in the past few days and has underperformed some of its peers as investors seem to have been increasingly drawn to Solana-based tokens. The launch of the first Solana ETF in the United States along with key paperwork submissions for a Pudgy Penguins (PENGU) ETF has pushed PEPE temporarily […]
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