Analyst: Binance's altcoin trading volume accounts for nearly 78%, and it may maintain strong momentum in the coming months

2025-01-12 11:02:02

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ChainCatcher news, CryptoQuant analyst Burakkesmeci stated: "Analyzing the trading volume of Binance trading pairs reveals that since May 2024, interest in altcoins has been steadily increasing.

With the rise in retail participation, the dominance of altcoins (excluding BTC and ETH) in Binance trading volume has continued to rise, reaching 77.83% by January 2025 (an increase of about 11% over the past five months). This trend highlights the growing attention of investors towards altcoins on Binance. Historical data is as follows:

May 2024: 50.8%
August 2024: 66.77%
November 2024: 73.87%
January 2025: 77.83%

Conclusion: The continued growth of altcoin trading volume on Binance enhances confidence in the potential for an altcoin bull market in 2025. With increasing retail interest, the altcoin market may continue to maintain strong momentum in the coming months."

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