Binance altcoin dominance hits 78%, analyst eyes’ strong momentum’ ahead
A crypto analyst says the rising altcoin trading volumes on Binance signals “confidence in the potential for an altcoin bull market in 2025.”
Altcoin trading volume dominance on crypto exchange Binance has hit 78%, a level that a crypto analyst says points to strong potential for an altcoin bull market in 2025.
“With retail interest gaining traction, the altcoin market could continue to build strong momentum in the coming months,” CryptoQuant contributor Burakkesmeci said in a Jan. 11 markets report.
Burakkesmeci said that Binance’s altcoin trading volume by pairs reached 77.83% in January 2025, an increase of approximately 11% over the past five months.
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Author: Ciaran Lyons
