It became known when most cryptocurrencies will start growing

Cryptocurrency strategist Jason Pizzino suggests that the altcoin market will grow again in the future. The expert believes that it will take at least 12 months before some cryptocurrency projects show positive dynamics, as it was in the period from December 2020 to May 2021. Pizzino noted that this is only possible if the dominance of bitcoin decreases.

According to the trader, during the six-month massive altcoin rally that ended in May 2021, bitcoin’s dominance fell from 7Z% to 40%. However, Pizzino suggests that by this time, bitcoin’s market share will increase from the current 50% to 56%, 58%, or even 60%. The expert is sure that after reaching the peak, this figure will start to fall.

The crypto strategist warns that despite the fact that bitcoin’s dominance is likely to continue to grow in the coming months, some altcoins may also show positive dynamics, albeit in the short term. In the long run, Pizzino believes that altcoins will simply disappear.

Pizzino’s opinion is partially shared by cryptocurrency analyst Benjamin Cowen. Recently, the expert made a forecast for the growth of BTC to $ 35,000 and stated: «If the BTC rises to $ 35,000, it will not have a very good effect on the altcoin market. Most likely, altcoins will simply continue to collapse on their pairs with bitcoin. Then at some point, the BTC will have to go back down. And then the altcoin market will decline even further, and the dominance of [біткоїна] will continue to grow.»

According to CoinMarketCap, at the time of writing, bitcoin is trading at $ 31,051, up 1.38% from yesterday. The market capitalization of the asset is $ 650.4 billion, and traders have made daily trading deals worth $ 17.5 billion.

The leading altcoin is trading at $ 1,902 with a market capitalization of $ 228.6 billion. Daily trading transactions with ethereum exceeded $ 7.5 billion.