Bitcoin Dominance or Altcoin Surge? Shiba Inu Exec Reveals the Market’s Next Move
Crypto markets are at a crossroads—will Bitcoin flex its dominance or watch altcoins steal the spotlight? A Shiba Inu executive just dropped clues on where the smart money’s headed.
### The Bitcoin vs. Altcoin Showdown
While BTC hodlers cling to 'digital gold' narratives, Shiba Inu’s team hints at an altcoin rally brewing under the surface. Meme coins, DeFi tokens, and layer-2 solutions are all jockeying for position.
### The Institutional Wildcard
Wall Street’s latest crypto ETFs brought fresh capital—but as usual, the suits are late to the party. Retail traders already spotted the trend shifts weeks ago.
### The Bottom Line
Whether you’re team Bitcoin or betting on altcoins, one thing’s clear: the market’s about to make someone rich. Just don’t be the bagholder left explaining losses to your accountant.
Altcoin Season Index Points To Bitcoin Dominance
Many traders and analysts have been closely watching the Altcoin Season Index, with posts on the social media platform X and news reports increasing in anticipation of a market-wide move that could favor altcoins against Bitcoin. Although the current market still tilts toward Bitcoin, signs of change are starting to emerge, especially with ethereum now approaching the $4,000 price level.
According to the Altcoin Season Index from BlockchainCenter.net, which was also shared by Shiba Inu’s marketing lead, the index is currently standing at 39, well below the 75 threshold required to confirm altseason. Notably, the data from BlockchainCenter.net shows that the index has been hovering in this range after bouncing from lower levels earlier in the year. As shown in the chart below, despite recent momentum from Ethereum and XRP, Bitcoin is still holding a dominant position in the total market cap.
At the time of writing, Bitcoin dominance is currently around 61%, above the 60% level that typically signals room for altcoins to take over. Interestingly, this is a notable reduction from Bitcoin’s 64.3% dominance from three weeks ago.
Lucie attributed this decline in bitcoin dominance to alt momentum slowly gaining traction across various sectors, including major altcoins and meme-based projects. This gradual build-up, she suggested, could represent an accumulation phase. This is a familiar August pattern that’s mostly always seen before stronger altcoin rallies.
Eyes On September For Possible Breakout
Although the current readings confirm that it is still Bitcoin Season, Lucie believes everything may already be setting the stage for an altcoin breakout next month. The combination of a drop in BTC dominance and a surge in the Altcoin Season Index above 75 WOULD officially mark the shift. For now, eyes are on this breakout. Particularly, Lucie noted a September window for a decisive move that could ignite a true altseason.
At the time of writing, Bitcoin’s market dominance is at 60.0%, according to data from Coinmarketcap. Ethereum, on the other hand, has a market dominance of 12.2%. The last time the market saw altcoin dominance was in December 2024, when the Altcoin Season Index spiked to a reading of 88. Since then, Bitcoin has maintained control, with the most recent attempt to push the index higher stalling at a 59 reading on July 21.
