A digital asset
investment fund
Viska is an alternative investment fund based in Iceland that invests in digital assets.
Viska is an alternative investment fund based in Iceland that invests in digital assets.
As Bitcoin's market dominance reached its highest point since 2021, current movements suggest a shift in liquidity towards altcoins. Historically, when Bitcoin's dominance peaks, capitol often flows into alternative cryptocurrencies, leading to significant gains for many altcoins.
Bitcoin Market Dominance drops by a fairly large amount after having recently peaked at 60.1% on 21.11.24
Recent market movements indicate that while some tokens like XRP and Litecoin have begun to receive an influx in interest, many altcoins have yet to experience substantial growth. This pattern implies that we are likely still in the early stages of an altcoin season, where capital transitions from Bitcoin to altcoins, fostering broader market rallies.
Activity has surged for the topic "Cryptocurrency" on Wikipedia according to https://x.com/intocryptoverse
Investors should monitor these trends closely, as the evolving dynamics between Bitcoin and altcoins could present diverse opportunities in the cryptocurrency market.
Another indication of increased retail interest is the surge in views for ´´cryptocurrency´´ related YouTube channels. Chart from https://x.com/intocryptoverse
Investors should monitor these trends closely, as the evolving dynamics between Bitcoin and altcoins could present diverse opportunities in the cryptocurrency market.
Bitcoin falls in dominance while the ´´others´´ category gains roughly 6%. Image from CMC on 04.12.24
The Altcoin Season Index offers compelling evidence for this shift. Over the last 7 days, the index has surged from 59 to 89. Zooming out further, we see an even more dramatic change: just one month ago on November 5th, the index sat at a modest 27.
Altcoin Index via CoinMarketCap visibly shows that there is a shift towards altcoins. CMC on 4.12.24
This shift in market sentiment highlights the potential for altcoins to take center stage. While nothing is 100% certain, we will continue to monitor market conditions closely and provide updates accordingly.
Follow us on LinkedIn to receive push notifications on our latest posts.
