Is Bitcoin About to Be Dethroned? Altcoins Are Coming for Your Wallet—Analyst Spills the Tea

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What’s shaking in crypto land:

  • Bitcoin’s market dominance is down 3%. If it were a pop star, this is when it tweets something vague about “focusing on personal growth.”
  • Joao Wedson, CEO of Alphractal (which definitely sounds like a villain base in a Marvel movie), is already dishing out predictions for June’s “alt season.”
  • Despite all this, the broader crypto market still acts like it hasn’t gotten the invitation to the altcoin party.

Bitcoin’s (BTC) grip on the crypto world has slipped, inspiring hope that other digital coins will finally get their chance to shine, or at least trend for a hot minute before everyone moves on to AI-powered dog coins.

Joao Wedson, sounding suspiciously gleeful, predicts that June is the month altcoins emerge from their parents’ basements and try out for the varsity team.

According to TradingView (which knows all and sees all), Bitcoin’s dominance crashed from 65% to 62% in a week – talk about a crypto crash diet! Meanwhile, the whole market bulked up from $2.90 trillion to $3.24 trillion. Someone skipped “leg day.”

Translation: investors are peeking over Bitcoin’s shoulder to see if there’s anything more exciting happening at the crypto buffet.

In fact, Wedson’s ultra-secret (or just expensive) altcoin index says that 37 out of 57 coins have outperformed BTC over the last two months. So yes, your weird cousin’s chainlink investment might be beating your boring Bitcoin portfolio.😏

“Even if BTC falls on its face next week,” says Wedson on X (formally Twitter, now rebranded just like your least favorite cereal), “most altcoins have already hit bottom. Don’t expect disasters. Watch your BTC pairs. And if you lose money, please don’t @ me.”

Before you liquidate your wardrobe and go all-in on altcoins, here’s the pinch of salt: CoinMarketCap’s altcoin index is still stuck at 27 out of 100—strong “bitcoin season” vibes only. The drama continues. 🍿

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2025-05-15 13:31