It's time to monitor 'ETH dominance' indeed!
https://www.tradingview.com/chart/3ZJX8AJu/
First of all, let's take a look at the 'Total Coin Market Cap and Sector Dominance' chart. The first priority, TOTAL, has just stopped falling. Meanwhile, the dominance of Bitcoin, the market leader, has been trading sideways and hasn't handed over to Ether or the alt sector.
Let's turn our attention to the Ether dominance (orange line). we can see that after almost 1.5 years of lethargy from January 23rd to May 24th, Ether dominance spiked in late May 24th and has since been making new highs and stretching out to new lows.
If the Ether Dominance (+ price) surge we are waiting for comes, it will be due to the pending launch of the ETH spot ETF, which we believe is not far off.
In that case, the question on most investors' minds will be "what happens to alt dominance?", which is a question I'm very curious about myself, and I'll answer it with "most alts will rise, but at a lower rate than ETH".
First of all, let's take a look at the 'Total Coin Market Cap and Sector Dominance' chart. The first priority, TOTAL, has just stopped falling. Meanwhile, the dominance of Bitcoin, the market leader, has been trading sideways and hasn't handed over to Ether or the alt sector.
Let's turn our attention to the Ether dominance (orange line). we can see that after almost 1.5 years of lethargy from January 23rd to May 24th, Ether dominance spiked in late May 24th and has since been making new highs and stretching out to new lows.
If the Ether Dominance (+ price) surge we are waiting for comes, it will be due to the pending launch of the ETH spot ETF, which we believe is not far off.
In that case, the question on most investors' minds will be "what happens to alt dominance?", which is a question I'm very curious about myself, and I'll answer it with "most alts will rise, but at a lower rate than ETH".
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