- The Altcoin market may continue to rise in the coming months as retail interest grows.
- The volume of altcoin trading dominance on Binance reached 77.83% in January 2025.
The dominance of altcoin trading volume on Binance has reached 78%, which, according to a crypto expert, indicates a significant opportunity for an altcoin bull market in 2025. According to a market assessment of CryptoQuant contributor Burakkesmeci posted on January 11, the altcoin market may continue to rise in the coming months as retail interest grows.
According to Burakkesmeci, the volume of dominance of altcoin trading pairs on Binance reached 77.83% in January 2025, an increase of about 11% over the past five months.
Potential bull run likely
According to Burakkesmeci, the steadily increasing number of altcoins are traded further Binance supports the idea that there could be a bull market for altcoins in 2025. Since May 2024, when Binance’s altcoin dominance was 50.80%, interest in cryptocurrencies has continuously climbed, according to Burakkesmeci.
A 46 out of 100 indicates a trend more consistent with “Bitcoin Season” according to CoinMarketCap’s Altcoin Season Index, which ranks the 100 largest cryptocurrencies by market size and compares them to their rolling 90-day price performance.
Traders usually keep an eye on Bitcoin Dominance, a metric that shows Bitcoin’s percentage of the total cryptocurrency market value, and when it starts to fall, it could mean that the altcoin season is about to begin. At the time of writing, according to statistics collected by TradingView, Bitcoin dominance is 57.74%, up 2.41% over the past 30 days.
Also, a nail in Ethereum’s price, according to traders, could lead to a more general rise in the altcoin market, according to analysts. Investors’ gains from Bitcoin are no longer the catalyst for the alt season, according to analysts, who also predicted that this market cycle would be different from others.
