Long Alpha
@longalpha
The cryptocurrency market is rapidly evolving, and by September 2024, Bitcoin's dominance could fall to 40%. This decline is expected as more investors turn to altcoins that offer innovative features and potential for growth. The rise of decentralized finance (DeFi) and other blockchain applications is shifting the focus away from Bitcoin, leading to a potential decrease in its market share. As the market becomes more diverse, Bitcoin's dominance may continue to decline, reflecting the broader adoption of a range of cryptocurrencies. This trend suggests a more balanced market, where Bitcoin shares its influence with other digital assets.
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