โโ๐ Expectations for Bitcoin Dominance Stability Despite Economic Fluctuations
According to an Odaily report, Bitcoin's market dominance has recently declined, but analysts do not see this as an indicator of the beginning of an 'altcoin season'.
Grayscale's Director of Research, Zach Pandl, clarified that Bitcoin's dominance may rise when the market focuses on economic disruptions and risks associated with the US dollar, and it may fall when attention shifts towards innovations in blockchain and altcoins.
Pandl predicted that Bitcoin's dominance will stabilize between 60% and 70% over the next 9 to 12 months, rather than experiencing a sharp decline.
He noted that predicting this trend is not easy due to the influence of various positive factors on Bitcoin and altcoins.
From a macroeconomic perspective, the outlook is bullish for Bitcoin, while in terms of innovation and adoption, there is strong momentum for altcoins.
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