Institutional investor demand, fueled by U.S. spot BTC ETFs, drives Bitcoin and altcoin recovery.
The hype surrounding meme coins on Tron (TRX) and BNB Chain (BSC) is generating excitement for the upcoming altseason.
Institutions are showing strong demand for crypto again, with U.S. spot Bitcoin ETFs seeing a massive inflow of $500 million.
Bitcoin dominance, a crucial indicator for altseason, is facing resistance, leading analyst Egrag Crypto to anticipate the altseason starting in six to twelve months. They expect Bitcoin dominance to either reverse from current levels or rise towards 70 percent before changing direction.
Once Bitcoin Dominance drops below 50%, Egrag predicts the start of altseason, with a potential rally in the ETH/BTC pair.
The 2024/2025 crypto bull run is expected to favor altcoins as institutions tokenize real-world assets. Projects like Solana (SOL), Toncoin (TON), Tron (TRX), and BNB Chain, which have seen a rise in daily active users, are anticipated to perform well.
DeFi projects on these top chains are likely to attract more investors and users, leading to higher volatility, liquidity, and trading volume. As these projects grow, they could further energize the crypto market.
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