#Kripto Striking events have been taking place in the money sector recently. While these events cause the leading cryptocurrency #Bitcoin (#btc ) to lose value, they cause the collapse of #Altcoin s with low market value.

Although many cryptocurrency investors are investing in altcoins instead of BTC in the hope of high profit margins, it was observed in 2023 how wrong this situation is.

Although Bitcoin is currently trading 70 percent above its lowest level of $15,500, many altcoins continue to languish at their lowest levels in history.

When Will the Altcoin Rally Start?

On Saturday last week, altcoins dropped by more than 20 percent. As of now, it is observed that these declines are very likely to be the last collapse in altcoins.

Many altcoins have started to recover somewhat in the last week. The recovery of altcoins caused the Bitcoin-altcoin index to rise.

At the time of writing our news, the Bitcoin-altcoin index is positioned at 20 points. Whenever this index is below 25 points, it is observed that altcoins are very cheap compared to current market conditions.

In the future, if the Bitcoin dominance chart fails to overcome the 50 percent resistance and declines, this index may experience sharp increases.

In such a scenario, altcoins, which may experience the rally that investors have been waiting for, may cause bull winds to blow in the sector again.

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