Alts to outperform Bitcoin

Yesterday, the total crypto market cap hit $1.938 trillion. And went into a correction.

Every week we ask Hybrid Intelligence about what’s next for the crypto market. Here is the question:

“The cryptocurrency Market Capitalization settled at 1830B USD at 12:00 PM UTC on Wednesday, April 7. Will the Market cap climb above 1967.3B USD (+7.5%) earlier than drop below 1692.8B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 91%

That’s a very bullish indicator. And actually the market cap is already halfway there.

As usual, we’ve also asked about Bitcoin dominance:

“Bitcoin crypto market share settled at 57.46% at 12:00 PM UTC on Wednesday, April 7. Will Bitcoin's market share climb above 58.61% (+2%) earlier than drop below 56.31% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 14%

Usually, a period of lower BTC price volatility is a prerequisite for a boom in altcoins. If Bitcoin won’t dip lower, alts will likely recover even more.