In this video Soham explains if altcoin supercycle has started.
Bitcoin vs Altcoins: Market Dominance
Bitcoin Market Dominance is decreasing and we are expecting the dominance to go further down.
Dominance: BTC: 56.8% ETH: 12.4%
ETH/BTC PAIR
Looking at the chart it feels, ETH run is just getting started. It is time to convert BTC to ETH. Another thing to note is the ETH volume is increasing, which means we are now done with all the consolidation and now ready to go up.
Look at how dominance of OTHERS (other altcoins) is increasing. Same is with Ethereum.
It seems altcoin supercycle is just getting started.
