
Jakarta, Pintu News – Bitcoin’s decline in dominance doesn’t mean BTC is being abandoned, but it does signal that capital rotation is happening. The five altcoins above-Ethereum, Solana, Ripple, Chainlink, and Dogecoin-have historically proven to be the top cryptos that get the spotlight when this happens.

Ethereum always steals the show when Bitcoin’s dominance starts to wane. According to historical data, ETH was the first altcoin to rally big when BTC experienced a decline in dominance. This happens because many crypto investors see ETH as an alternative “store of value” with more advanced smart contract technology.
For example, in 2021 when BTC’s dominance dropped from 60% to 42%, Ethereum’s price jumped from $1,400 (IDR 23,174,200) to $4,800 (IDR 79,454,400), according to data from CoinMarketCap. This movement suggests that ETH is being chosen by investors as the leading asset when the rotation of funds from Bitcoin to altcoins occurs.
Also Read: Memecoin Market Adds $10 Billion Post-Crisis: What’s Next for Traders?

Solana (SOL) is widely discussed for its speed in processing transactions and very low gas fees. Based on analysis from RCrypto21 on Binance Square, SOL became the most aggressive altcoin after ETH in responding to BTC’s declining dominance during 2021 to 2023.
As BTC’s dominance weakened in 2021, SOL jumped from $20 (IDR 331,060) to over $250 (IDR 4,138,250). This was due to increased adoption from users, DEXs, and developers who chose Solana for Web3 projects. This is the reason why SOL is highly sought after during the altseason.

Ripple is an altcoin that gets the spotlight when regulatory pressure decreases, especially after its partial victory against the SEC in the US. According to RCrypto21’s report, XRP typically surges when BTC dominance drops and positive regulatory news spreads. The narrative of being a “global financial bridge” makes XRP attractive to institutions.
For example, in July 2023, XRP rose more than 100% in just a few days following positive legal news and BTC’s dominance fell. At that time, the price of XRP rose from around $0.45 (IDR 7,448) to almost $0.90 (IDR 14,896). This movement confirms that XRP became an option when altcoins began to be scooped up by large investors.

Chainlink is an oracle project that gets a lot of attention when the DeFi ecosystem is active. Data from 2020 and 2021 shows that LINK often spikes when altcoins are in the news and BTC’s dominance declines, according to Binance Square.
During BTC’s down years of dominance, LINK rose 10x, from $2 ($33,106) to over $20 ($331,060). Its vital function of connecting real-world data with the blockchain makes it a formidable altcoin that whales continue to monitor.

Dogecoin is an asset that often spikes when the market starts to get euphoric and funds start spreading to meme coins. Support from Elon Musk and his community keeps DOGE in the spotlight when excess liquidity flows into altcoins.
In 2021, DOGE rose from $0.01 (IDR165) to $0.72 (IDR11,918) as Bitcoin’s dominance plummeted and social media was flooded with positive sentiment. This surge made DOGE the talk of the town and serves as an example that it’s not just technology, but also community and sentiment that play a role in driving crypto prices.
While it doesn’t guarantee future performance, understanding important metrics like BTC dominance and monitoring altcoin movements can help investors make wiser decisions. These altcoins are not just hype, but have strong track records and large communities supporting their price rallies.
Also Read: BTC & ETH Rise After the “Biggest One-Day Wipeout in Crypto History”: Here’s Why!
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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