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Rising interest for altcoins

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#1
Throughout the month of February, Binance saw Bitcoin’s trading dominance plummet from 40 percent to around 27 percent.
The significant drop represents one of the “sharpest” month-over-month changes that BTC has seen on this platform. A further decline could indicate that market participants are becoming more interested in altcoins which could trigger a new altseason, according to the firm.
Binance Research affimred:
“IF THIS TREND WERE TO CONTINUE, IT WOULD SIGNIFY A GREATER APPETITE FOR ALTCOINS FROM MARKET PARTICIPANTS.”
Although the crypto derivatives trading arm of this cryptocurrency exchange, Binance Futures, added 13 new altcoins perpetual contracts, Binance Research maintains that the trading dominance of BTC has fallen to a level not seen since June 2019.

@TradeCryptoNow
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