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Bitcoin’s dominance is sliding fast, raising the question: is it still the top crypto to watch, or is the next crypto to explode coming from the altcoin sector?
BTC’s share of the total crypto market just dropped below 61%, its lowest point since March.
Traders are moving capital into altcoins, eyeing lower-cost tokens for higher potential returns. Some analysts say this is the clearest signal of a new altcoin season in over a year.
Meanwhile, early-stage projects like Snorter are gaining attention for a different reason.
While Bitcoin consolidates, Snorter is positioning itself as a breakout meme-trading bot with viral appeal and rapid presale growth.
With nearly $2 million already raised, Snorter is attracting speculators looking for faster, riskier gains compared to large caps like Bitcoin.
Bitcoin Dominance Drops as Altcoins Surge
Bitcoin’s share of the overall crypto market cap has dropped by 5.8% in one week, now sitting at 60.9% – the lowest point since March.
This is Bitcoin’s largest weekly dominance decline since June 2022, and it’s triggering a wave of altcoin buying.
According to TradingView data, Bitcoin had recently peaked near 66% dominance but has since lost momentum as traders shift into riskier assets.
Meanwhile, the total crypto market cap has grown from $3 trillion to $3.8 trillion in three weeks, with Ethereum and mid-cap altcoins driving much of the increase.
Ethereum has broken out against Bitcoin, with the ETH/BTC pair climbing to 0.03153, marking a clear reversal after months of consolidation.
ETH is now approaching $4,000, while Bitcoin has remained relatively stable around $118,000.
Since Bitcoin trades at over $118K, newcomers are more likely to buy altcoins where they can own entire tokens instead of fractions.
The result is more attention on meme coins, AI tokens, and other small-cap assets that offer a “cheap” entry point, regardless of fundamentals.
Historically, once this index crosses 50, the market starts favoring altcoins over Bitcoin.
If this trend continues, Bitcoin’s role as the next crypto to explode could temporarily shift to smaller, faster-moving projects.
Snorter Presale: Riding the Meme Wave Into Altcoin Season
As Bitcoin cools off, projects like Snorter are grabbing the spotlight.
The project lets users place trades, snipe launches, and copy top traders directly from Telegram, using simple commands without the need for a browser or interface clutter.
Snorter’s presale has already raised over $2.1 million out of a $2.6 million hard cap, with tokens currently priced at $0.0989.
The project taps into the same viral marketing energy that made other meme coins explode but combines it with actual DeFi tools. Features include:
- Sub-second execution on Solana RPC
- Copy-trading of top wallets
- Blacklist detection and scam contract alerts
- Front-running protection
Snorter also plans multi-chain expansion with Ethereum, BNB Chain, Polygon, and Base support in development.
The token is designed for speed, meme culture, and crypto trading utility – all wrapped into one Telegram-native experience.
Adding to the hype, prominent crypto analyst TechDev posted a chart on X declaring a macro altcoin expansion is now in play, calling it the biggest breakout since late 2020.
His tweet referenced the Livermore Accumulation Cylinder, a long-term chart pattern that historically signals a broad altcoin rally.
Macro altcoin expansion has triggered.
Not seen since late 2020.
But this one comes after a 4-year coil…the longest in history. pic.twitter.com/BbS6cm9Hne
— TechDev (@TechDev_52) July 18, 2025
This pattern, combined with Bitcoin’s dominance drop, is fueling extra speculation about new altcoin launches like Snorter becoming breakout winners.
Is This the Start of a New Altcoin Cycle?
Market analysts agree that Bitcoin’s recent dominance decline could mark the beginning of a fresh altcoin cycle.
Alpharactal’s Correlation Heatmap shows that the relationship between Bitcoin and altcoins is weakening significantly, even turning negative in some cases.
This decoupling often leads to bigger swings in both directions – but historically it has preceded major altcoin runs.
Despite Bitcoin’s price holding steady above $118,000, the broader market narrative is shifting.
Altcoins are gaining attention, and retail investors are chasing smaller projects with higher upside potential.
In the last three weeks, altcoins have outperformed Bitcoin across most metrics, and that trend shows no signs of stopping.
For traders asking what the next crypto to explode is, Bitcoin remains a long-term staple – but in the short term, altcoins like Snorter are stealing the spotlight.
