Altseason 2021 Has Come: Bitcoin Dominance Down to 44%

  • The 2021 alt season may have indeed come, as Bitcoin dominance is at a 44% low.
  • Popular altcoins such as Ethereum and Binance Coin are at their all-time high.
  • The best performing altcoin is Dogecoin, with a 142% surge in the last 7 days.

Investors who bought and held altcoins months ago may be rejoicing right now, as the altseason has already come. Bitcoin dominance has stayed below 50% for about a week already. At the time of writing, BTC dominance is at 44%, according to CoinGecko.

This is also backed up by the sheer drop in bitcoin prices despite the meteoric rise of favorite altcoins. At the time of writing, BTC price is at $54,840.70. On the other hand, ETH price is at an all-time high (ATH) of $3,314.44, while BNB price is at $626.79.

Perhaps the most surprising among the altcoins is Dogecoin, which is currently trading at $0.66, another ATH. DOGE continues to pump, and has seen a staggering 142% surge in the last 7 days. Due to this, DOGE knocked off XRP from the 4th spot, with the latter occupying the next slot in the rankings.

In the decentralized finance (DeFi) market, Maker continues to hold the top spot, followed by Aave and Compound in the second and third spot, respectively. The combined total value locked (TVL) of the DeFi market is $72.95 billion, according to DeFiPulse.

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