At the time of writing, Bitcoin dominance falls below 45% as alts gained more than 55%. Its alt season as coins like Ether, Binance coin, Ripple and Cardano lead with the dominance of 18%, 3.18%, 2.75%, and 2.75% respectively.
While bitcoin is stuck trading below $60k, altcoins are breaking new bounds. Leading the charge is Ethereum. In the past 24 hours, either gained 11% as it edges closer to $4,000. During the last seven days, crypto’s second-largest coin gained 35% and 80% in the last fourteen days.
Dogecoin falls in line as the second most progressive coin in the top 10. The coin gained more than 35% in the last seven days and 96% in the last fourteen days and exerts a dominance of 2.72%.
Binance coin gained more than 4% in the last 24 hours, 7% in the last seven days and 32% in the last fourteen days. BNB also exerts a dominance of 3.18%.
The growth of these coins is turning investors attentions from the bitcoin. More investors are looking to coins that are trading below $150.
Coins like Telcoin, Bitcoin Diamond and Ethereum classic are gaining massively. For example, Telcoin was almost forgotten as it was trading below $0.0005 in the last two years. Investors started hodling and as a result, the coin gained a whopping 13300% in the last year. Investors are not relenting as it also made more than 290% in the last seven days.
Ethereum classic traded from late 2018 to 2020 below $10. The fourteenth coin by market cap got lots of attention in late 2020 and since steadily risen in price till the time of writing. The ether chained coin gained 161% seven days and 295% in the last fourteen days.
Bitcoin diamond is another testimony of investors taking a keen interest in coins below $150. Since 2018, BCD traded below $2 but got more attention lately as recorded gains of 246% in the last seven days and 333% in the last fourteen.
From all indications, altcoins are taking over and BTC dominance may sink to 30% in the coming days as more alts will pique the interest of new investors.