Altcoins Most Oversold Ever; Why Bitcoin Dominance May Soon Fall

After a jaw-dropping uptrend in Bitcoin dominance, all eyes have started to focus on the altcoin subset once again. You see, over the past couple of days, cryptocurrencies have begun to gain some strength against BTC for the first time in a blue moon, resulting in a slight Bitcoin dominance retracement from 71.2% to 69.7%.
While this may sound like nothing, analysts are starting to get convinced that altcoins are ready to continue to gain some steam at long last. Let’s take a closer look.