- It was reported that the altcoin dominance at the Binance exchange has risen to 77%.
- According to a CryptoQuant analyst, interest in altcoins is steadily increasing.
- The growth in altcoin trading volume indicates strong confidence in a bull market by 2025.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
At Binance, the world's largest cryptocurrency exchange, the dominance (market share) of altcoins (cryptocurrencies excluding Bitcoin) has surged to 77%. This has led to analyses suggesting that the momentum for altcoins has significantly strengthened.
On the 12th, a CryptoQuant contributor reported in a publication that "Binance's altcoin trading volume has reached 77%," analyzing that "interest in altcoins is steadily increasing."
According to the data he shared, Binance's altcoin market share was only 50.8% in May, but it soared to 66.77% in August and is currently at 77.83% as of January.
The contributor explained, "The continuous growth in altcoin trading volume on Binance indicates strong confidence in an altcoin bull market by 2025," adding that "as individual investors' interest in altcoins grows, altcoins can build strong momentum."
Image=CryptoQuant Capture
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
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