BNB, ASTER Lead as Bitcoin Dominance Declines


0

Unlock the Secrets of Ethical Hacking!

Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!

Enroll now and gain industry-standard knowledge: Enroll Now!

Several top altcoins have tumbled this week, which triggered a liquidation of leveraged bets.

Despite the setback, data suggests that the long-awaited altseason could be underway, as Blockchaincenter’s Altcoin Season Index hit a perfect 100 on September 20th.

Q4 Crypto Rally Incoming

According to CryptoQuant, Binance Coin (BNB) appears to be leading the charge after recently surging to its $1,000 target price, entering price discovery territory, while a new Hyperliquid competitor, Aster (ASTER), backed by Changpeng Zhao (CZ), has soared an impressive 300% since September 19th.

Aster, focused on decentralized finance (DeFi), aims to deliver fast, secure, and low-cost transactions on its own blockchain while emphasizing interoperability and scalability across networks. The rapid appreciation of these tokens pointed to an investor appetite for high-beta assets, as traders seek opportunities beyond Bitcoin (BTC) and Ethereum (ETH).

CryptoQuant also found that exchange reserves are reaching record highs and are providing a strong foundation for continued altcoin rallies.

Binance’s ERC-20 stablecoin reserves, for example, have climbed from August’s $32 billion low to $43 billion, a 34% increase, which depicts a notable pool of sidelined liquidity ready to fuel market activity.

This influx of deployable capital could help altcoins maintain momentum through the end of 2025 and into early 2026.

Looking ahead, Q4 is expected to bring even higher volatility and a continued decline in Bitcoin dominance, as Ethereum and other altcoins tend to benefit from seasonal trends.

As per the Energy Value Model (EVM), developed by Charles Edwards of Capriole Investments, Bitcoin’s fair value lies between $145,000 and $168,000. At the current $113,000 price, Bitcoin trades at over a 20% discount to this metric, which further validates the potential for upward pressure.

“After Bitcoin and Ethereum, investors will look for higher beta assets and small-cap tokens, creating a favorable altseason environment.”

BNB Chain Rides ASTER Wave

BNB and ASTER are fueling major activity on BNB Chain, allowing it to surpass Solana in daily fees for three straight days.

The surge is directly linked to Aster DEX. This spike in network usage was indicative of the fact that BNB and ASTER are central to BNB Chain’s growing adoption and have catalyzed fee revenue, DEX activity, and protocol utilization.

Beyond transactions, development activity also surged, as BNB Chain ranked second among blockchain ecosystems for 30-day development events.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!



Unlock the Secrets of Ethical Hacking!

Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!

Enroll now and gain industry-standard knowledge: Enroll Now!

Don’t miss the Buzz!

We don’t spam! Read our privacy policy for more info.

🤞 Don’t miss the Buzz!

We don’t spam! Read more in our privacy policy


Like it? Share with your friends!

0

0 Comments

Your email address will not be published. Required fields are marked *