Bitcoin's dominance ratio has been steadily declining since August, indicating a shift in market sentiment towards altcoins. As the crypto market continues to mature, we're seeing increased adoption and recognition of alternative assets. This trend could lead to a diversification of investor portfolios and potentially drive growth in alternative coins.

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This shift in dominance ratio could also impact the music NFT market, potentially leading to increased adoption of altcoin-based platforms and new revenue streams for artists.