{"id":6369,"date":"2025-07-31T12:32:14","date_gmt":"2025-07-31T12:32:14","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for-a-breakout\/"},"modified":"2025-07-31T12:32:16","modified_gmt":"2025-07-31T12:32:16","slug":"bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for-a-breakout","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for-a-breakout\/","title":{"rendered":"Bitcoin dominance continues to shrink, which altcoins are poised for a breakout?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin dominance is on a downward trend as other altcoins like IKA and PUMP rise to the occasion with gains ranging from 25% to above 30%. Here are our top picks for altcoin breakout season.<\/p>\n<div id=\"cn-block-summary-block_c3e8d86f3a1101125100d00596d725a4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin dominance has been on a downward trend, falling by more than 5%.<\/li>\n<li>Some altcoins like Ethereum, Ika and Pump.fun have been seeing gains in the crypto market.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a recent CryptoQuant <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/cryptoquant_com\/status\/1950840768022684147?s=61&amp;t=Goh7F7TZjoAVMq_tusVLpw\" target=\"_blank\">analysis<\/a>, altcoins are breaking out of resistance levels as Bitcoin (BTC) dominance starts to wane. For instance, Ethereum (ETH) has been soaring above 170% in the wake of its 10-year anniversary on July 30. It stands only 20% below its historic all-time high, which remains at $4,878 for the past four years.<\/p>\n<p>Despite the fact that Bitcoin has burst through its all-time high multiple times in this month alone, its dominance over the wider crypto market has started dropping gradually. Based on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/?symbol=CRYPTOCAP%3ABTC.D\" target=\"_blank\">data<\/a> from TradingView, BTC dominance has taken a free fall dive since the end of last month.<\/p>\n<p>At press time, BTC dominance has fallen 5.87% in the past month and down 5.21% in the past three months. It has fallen from its previous peak at nearly 66% to just 61.37% on July 31. The decline coincides with Bitcoin hitting new highs, catapulting from just $111k to going beyond $122k.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14401582\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Price chart for Bitcoin dominance in the past few months has been on the decline, July 31, 2025 | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/?symbol=CRYPTOCAP%3ABTC.D\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Meanwhile altcoins like Ethereum and XRP (XRP) rallied strongly in the wake of BTC hitting its highs, suggesting traders may be shifting their attention away from BTC and investing more capital into altcoins. This signals a potential for altcoins to shine amidst BTC\u2019s dimming light.<\/p>\n<p>Here are some of the altcoins poised for a breakout sometime soon.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum <\/h2>\n<p>Ethereum has recently broken above key technical patterns, surpassing a long\u2011term barrier of around $2,770 and clearing the psychological $3,000 ceiling that was $3,000, now analysts have set their sights on breaking the ultimate barrier: $4,000. <\/p>\n<p>Similar to Bitcoin, Ethereum\u2019s rally is fueled by increasing institutional demand; with SharpLink recently buying out $295 million worth of Ethereum, boosting its ETH treasury to 438,190 ETH, which is worth nearly $1.7 billion based on current prices.<\/p>\n<p>At press time, ETH is rising by 2% in the past 24 hours. The second-largest cryptocurrency is currently trading hands at $3,861. In the past week, Ether has been increasing by 6.2%. <\/p>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14401585\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"1131\" height=\"817\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/07\/1753965134_341_Bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for.png\" alt=\"Price chart for Ethereum in the past few months, July 30, 2025 | Source: crypto.news\">\n<\/picture><figcaption class=\"wp-element-caption\">Price chart for Ethereum in the past few months, July 30, 2025 | Source: crypto.news<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Ika<\/h2>\n<p>IKA has been on an ongoing rally with the token rising by 25% in the past 24 hours. The token is poised for a climb above the all-time high if the rally continues. Just two days ago, it had broken through its all-time high and reached $0.0363. The potential for a breakout could be potent considering it is also trending on the charts.<\/p>\n<p>At the moment, the token is in need of a market boost. If adoption of its parallel Multiparty Computation network grows meaningfully, IKA could continue its rally.<\/p>\n<figure class=\"wp-block-image size-large\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14401591\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"769\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/07\/1753965134_27_Bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for.png\" alt=\"Bitcoin dominance continues to shrink, which altcoins are poised for a breakout? - 1\">\n<\/picture><figcaption class=\"wp-element-caption\">Price chart for Ika in the past few months, July 30, 2025 | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ika\" target=\"_blank\">CoinGecko<\/a><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Pump.fun<\/h2>\n<p>Pump.fun (PUMP) had an explosive start with an initial coin offering that shot the price up to $0.0068 on July 16. Right now, it is 64% below its all-time high, but it is already climbing up the ranks. In the past day alone, the token has risen by 27.6%, becoming one of the top trending tokens of the day.<\/p>\n<p>In the past week it has been on an uphill climb, rising by 8.8%. At its core, Pump.fun aims to democratize Solana (SOL)-based meme coin creation with a bonding\u2011curve token model and automated liquidity, raising $500 million at a $4\u202fbillion fully diluted valuation.<\/p>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14401593\"><source type=\"image\/webp\" ><\/source><br \/>\n<img loading=\"lazy\" decoding=\"async\" width=\"1131\" height=\"817\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/07\/1753965134_838_Bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for.png\" alt=\"Price chart for Pump.fun's token in the past few hours, July 31 | Source: crypto.news\">\n<\/picture><figcaption class=\"wp-element-caption\">Price chart for Pump.fun\u2019s token in the past few hours, July 31 | Source: crypto.news<\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin dominance is on a downward trend as other altcoins like IKA and PUMP rise to the occasion with gains ranging from 25% to above 30%. Here are our top&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6369"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6369\/revisions"}],"predecessor-version":[{"id":6370,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6369\/revisions\/6370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1049"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}