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Bitcoin's market share has fallen below 60%, signaling a shift towards altcoins. Ethereum leads gains with a 28% weekly surge, boosted by ETF inflows and a breakout near its all-time high. Memecoins like Pepeto are emerging as contenders, blending viral appeal with real utility and strong presale momentum. Historically, a drop in Bitcoin dominance often precedes altcoin season, characterized by capital flowing into large-cap alts and eventually into high-potential small caps.

Bitcoin's market share has fallen below 60%, signaling a shift towards altcoins. This trend is evident in the recent surge in altcoin interest, with Ethereum leading the gains. Ethereum's price has climbed by 28% in the past week, boosted by significant ETF inflows and a breakout near its all-time high.

The decline in Bitcoin dominance, from about 65% to nearly 60% over the last two months, reflects a rotation of capital into smaller and mid-sized coins [1]. Traders and small investors are increasingly focusing on altcoins, with Ethereum, Solana, and Dogecoin experiencing notable price increases. Ethereum has risen by roughly 28% over the past seven days, trading at about $4,650 at press time [2].

The surge in altcoin interest is primarily driven by significant price increases in major cryptocurrencies like Ethereum. According to market data, Ethereum's price has surged by nearly 31% in the last week, trading at $4,712 [2]. This shift in investor focus is also reflected in the growing interest in altcoins, with Google Trends showing an increase in searches for altcoins [1].

The recent surge in altcoin prices, particularly for Ethereum, Solana, and Dogecoin, indicates a significant market shift. With Bitcoin's dominance declining, investors are increasingly exploring alternative cryptocurrencies. This trend is further supported by the strong inflows into Ethereum ETFs, with over $26 billion in assets under management [1].

Memecoins like Pepeto are also emerging as contenders, blending viral appeal with real utility and strong presale momentum. Historically, a drop in Bitcoin dominance often precedes altcoin season, characterized by capital flowing into large-cap alts and eventually into high-potential small caps [3].

The ongoing ETH rally has been a major contributor to the rising inflows, with Ether ETFs consistently hitting new highs. The latest inflows saw $729 million poured into spot Ether ETFs on Wednesday, with the total inflows over the past three days reaching $2.3 billion [3].

In summary, the recent surge in altcoin prices, particularly for Ethereum, Solana, and Dogecoin, indicates a significant market shift. With Bitcoin's dominance declining, investors are increasingly exploring alternative cryptocurrencies, suggesting a dynamic and evolving market landscape.

References:
[1] https://bitcoinist.com/altcoin-interest-hits-new-highs-amid-bitcoin-weakening-google-trends/
[2] https://en.coinotag.com/ethereums-surge-highlights-growing-altcoin-interest-amid-6-drop-in-bitcoin-dominance/
[3] https://cointelegraph.com/news/ether-etfs-second-biggest-inflows-eth-new-high