Bitcoin dominance continues to shrink, which altcoins are poised for a breakout?
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.
- Bitcoin dominance has been on a downward trend, falling by more than 5%.
- Some altcoins like Ethereum, Ika and Pump.fun have been seeing gains in the crypto market.
According to a recent CryptoQuant analysis , 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.
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 data from TradingView , BTC dominance has taken a free fall dive since the end of last month.
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.
Price chart for Bitcoin dominance in the past few months has been on the decline, July 31, 2025 | Source: TradingView
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’s dimming light.
Here are some of the altcoins poised for a breakout sometime soon.
Ethereum
Ethereum has recently broken above key technical patterns, surpassing a long‑term 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.
Similar to Bitcoin, Ethereum’s 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.
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%.
Price chart for Ethereum in the past few months, July 30, 2025 | Source: crypto.news
Ika
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.
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.
Price chart for Ika in the past few months, July 30, 2025 | Source: CoinGecko
Pump.fun
Pump.fun ( PUMP ) had an explosive start 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.
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‑curve token model and automated liquidity, raising $500 million at a $4 billion fully diluted valuation.
Price chart for Pump.fun’s token in the past few hours, July 31 | Source: crypto.news
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s MA200 at $73,200 — Inverse H&S Neckline Is the Only Level Left
Bitcoin Supply Velocity Hits 10-Year Low as ETH Supply Diverges
Just bet on AI and already faced a market blow! Berkshire reports earnings tonight, Abel faces a major test in his transformation
Greg Abel has been leading Berkshire Hathaway for less than a year, yet he has already made a bet of over $10.9 billion on the AI sector, marking a complete break from Buffett’s traditional avoidance of tech stocks. However, Alphabet’s stock price has fallen below their initial purchase cost, and Bending Spoons continues to decline, putting this bold AI gamble to the test. At the same time, third-quarter earnings per share are expected to drop 6% year-over-year, and the share repurchase program is likely to plummet from $4.5 billion to $1.6 billion. How to deploy $358 billion in cash will be a major challenge for the new leader’s capital allocation skills.
Has the AI bubble burst? Goldman Sachs: It's more like 1998 than 2000 right now
The Goldman Sachs trading desk stated that the current wave of sell-offs resembles the 1998 liquidity crisis more than the bursting of the 2000 bubble. It is a forced deleveraging rather than a refutation of business fundamentals. The market is drastically repricing construction financing and timeline expectations, rather than underlying demand. Moreover, the issues currently drawing the most attention from the market—electricity and licensing—are actually the least important, as limited supply does not equate to disappearing demand. The real question that needs to be answered is whether long-term revenues can ultimately justify the capital invested.
Crypto prices
More
