The positive mood in the cryptocurrency industry continues. Although the leading cryptocurrency Bitcoin (BTC) is trading at $ 23 thousand, altcoins still have not started the expected sharp rises. The rise in the Bitcoin dominance table has caused the suppression of the leading altcoin Ethereum (ETH), as well as altcoins with low market capitalization. Bitcoin dominance, which has been on the rise for a long time, ensures that BTC’s dominance over the industry is increasing. It is expected that these increases will come to an end in the coming days.
According to CoinMarketCap, a successful data provider, the altcoin named Hashflow (HFT) experienced the highest rise among the top 500 cryptocurrencies in the last 24 hours. Although the Bitcoin dominance chart is on the rise, HFT has managed to diverge from many other altcoins, gaining more than 30 percent in value today. Apart from Hashflow (HFT), the following altcoins experienced significant increases today:
In the upcoming period, in order for the rise in these products to accelerate, there should be a decrease in the Bitcoin dominance table. Experiencing the expected decline will fuel the rally.