The crypto market is showing fresh signs of life beyond Bitcoin. As BTC hovers just below $120,000, altcoins like Ethereum, Dogecoin, XRP, and Solana are gaining strong momentum. This shift is happening as traders look for new opportunities and investors bet on projects with strong real-world connections.
Altcoins Join the Party
Ethereum jumped to $3,793, its highest price since early 2022. The rise is being driven by strong interest from institutions, especially in new Ethereum-based treasury products and ETF flows. With this recent push, Ethereum has gained 25 percent in just one week. Traders are also seeing the ETH to BTC ratio rise, which means Ethereum is starting to perform better compared to Bitcoin.
Dogecoin is another standout this week. It shot up by more than 9 percent in the last 24 hours and is now up over 33 percent for the week. It’s trading at around 27 cents, the highest it’s been in over a year. Traders are showing more interest in riskier assets again, which is helping coins like Dogecoin.
Meanwhile, apart from ETH and Doge, XRP is also making a move priced around $3.55 with a 4% gain, while Solana jumped to $189. Cardano and BNB also posted gains of over 3 percent. Analysts say Bitcoin’s dominance is falling, down from 66% in June to just under 62 percent now, which suggests traders are rotating their money into altcoins.
Is This Alt Season?
Meanwhile, Crypto analyst VirtualBacon cautions that true altcoin seasons are usually short-lived, lasting only 1–2 months. He explains that altcoins typically rally when Bitcoin is breaking out, but once Bitcoin slows down or corrects, its dominance rises again, causing altcoin gains to quickly disappear.
Real-World Use Cases Catch Investor Attention
However the trend of capital flow from BTC to Alts is not new. A big reason for this rotation is the growing interest in real-world asset tokenization. This includes turning things like treasury bonds, credit, and real estate into blockchain-based tokens. The total value of tokenized real-world assets has now crossed $24 billion. Big financial players like BlackRock and JPMorgan are already exploring this space.
New Laws Could Help Altcoins Grow More
There’s also hope that new U.S. laws could make it easier for altcoins to grow. The GENIUS Act, which focuses on stablecoins and digital asset taxes, is still being discussed in Congress. Even though it didn’t pass this week, its progress shows that clearer rules are coming.
In short, the market is changing. Bitcoin is still strong, but more traders are looking at Ethereum, Dogecoin, and real-world crypto projects as the next big opportunity.
