As Bitcoin’s Dominance Wanes, Is This The Season For Altcoins Like Big Eyes Coin And Ethereum?

As we move further into the bull market and alt season, we are seeing a shift in Bitcoin (BTC) dominance as more and more altcoins start to pump. This is an exciting time for serious investors and researchers looking for trending and new updates on the cryptocurrency market.

If Bitcoin’s dominance over the crypto market diminishes, does this signal the start of an altcoin season? Could we see Ethereum (ETH) or Big Eyes Coin (BIG) going big during a possibly new bull run?

The New Bull Market Could Make This a Summertime Season for Ethereum

Bitcoin's reign as the king of cryptocurrencies may soon come to an end as investors flock to Ethereum. The world's second-largest cryptocurrency has been gaining momentum, outperforming Bitcoin in recent weeks, as more investors turn to its superior blockchain technology.

Ethereum's unique blockchain infrastructure, which allows developers to build decentralised applications and execute smart contracts, has made it a favourite among investors seeking innovation and diversification in their crypto portfolios. With a market cap of over $300 billion, Ethereum is now nipping at Bitcoin's heels, which has a market cap of over $1 trillion.

Bitcoin's dominance in the crypto market has been waning in recent months, dropping from over 70% to around 50% in April 2023. Meanwhile, Ethereum's dominance has been on the rise, with its share of the crypto market increasing to over 20%.

One factor that is driving Ethereum's growth is the increasing popularity of decentralised finance (DeFi) applications, which are built on the Ethereum blockchain. DeFi has become a hot trend in the crypto world, allowing investors to earn passive income by lending, borrowing, and trading cryptocurrencies without the need for traditional financial intermediaries.

Ethereum's superior blockchain technology has made it the go-to platform for DeFi applications, with many projects choosing to launch on Ethereum rather than Bitcoin. This has resulted in a surge in demand for Ethereum, driving up its price and market cap.

Another factor contributing to Ethereum's growth is the upcoming Ethereum 2.0 upgrade, which is set to improve the network's scalability and security.

Ethereum

The upgrade, which is expected to be completed by the end of 2023, will allow Ethereum to process more transactions per second and reduce fees, making it more attractive to users and investors.

While Bitcoin's dominance may be ending, it remains a major player in the crypto world, and its value is likely to continue to grow. However, with Ethereum's superior technology and growing adoption, it may soon surpass Bitcoin as the leading cryptocurrency.

Ethereum's rise in popularity and dominance in the crypto market is a clear indication of its potential to become the leading cryptocurrency. With its superior blockchain technology and growing adoption, Ethereum is well-positioned to outperform Bitcoin in the coming years. However, investors should always exercise caution when investing in cryptocurrencies, as the market remains highly volatile and unpredictable.

Big Eyes Coin Has Been a Tremendous Presale Story

Big Eyes Coin (BIG), a meme token, is stirring up a lot of enthusiasm and attention in the world of fintech. The token, which features a feline, has recorded over $34 million in presales and even outperformed some established coins. To keep its community engaged, the project has offered generous incentives, including the END300 bonus code.

Moreover, Big Eyes Coin has committed to donating 5% of its revenue to charities focused on environmental issues, demonstrating its social responsibility.

But here's the question: does Big Eyes Coin need to rely on Dogecoin to succeed in the crypto market? The answer is yes, to an extent. While Big Eyes Coin aims to surpass Dogecoin, it would be more beneficial for the token's long-term success if it does so through its unique appeal rather than by undermining Dogecoin's reputation.