Cryptocurrency investors prefer altcoins instead of investing in the leading cryptocurrency Bitcoin (BTC) due to its profit margin. Although altcoins exhibit more volatile movements, BTC performed much better than many altcoins in 2023.

Bitcoin dominance exceeding 50% prevented altcoins from keeping up with BTC's rise. Although altcoins have started to move slowly in recent times, the fact that Bitcoin still cannot exceed 30 thousand dollars prevents the start of a new altcoin rally in the sector.

Will There Be Money Inflows into Altcoins?

According to the information provided by Blockchain Center, a successful data provider, the Bitcoin - altcoin index is at 10 points.

As can be seen in the table above, the Bitcoin - altcoin index has been declining for a very long time. This index last peaked in late 2021.

The fact that the Bitcoin - altcoin index is at the lowest levels in history may be a sign that there may be sharp increases in altcoins in the coming days.

The index, created with the price movements of the 50 largest crypto assets over the last year, shows whether Bitcoin or altcoins are dominant in the cryptocurrency industry.

Unless there are extraordinary developments in the coming period, the Bitcoin - altcoin index is expected to rise above 25 points. The start of an upward trend in the Bitcoin - altcoin index may cause altcoins to experience serious jumps.

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