Crypto analyst Matthew Hyland suggests altcoins have more upside potential as they surge without affecting Bitcoin’s dominance. Altcoins saw significant price spikes while Bitcoin reached new highs three days in a row, reaching $118,760 on Friday. MemeCore leads as the top gainer with a 1,263% surge, signaling fresh capital inflow into the market.

Ether, the second largest crypto, is up 17.68% over the past seven days, indicating a shift in focus from Bitcoin to broader market trends. ETH/BTC ratio is up 8.39% in the same period. CoinMarketCap’s Altcoin Season Index shows a strong Bitcoin favoritism with a “Bitcoin Season” score of 29 out of 100.

MN Trading Capital founder Michael van de Poppe predicts the “final easy and biggest bull ever” for Altcoins. While CoinMarketCap’s Index favors Bitcoin, Santiment metrics indicate the start of an altcoin season. As long as Bitcoin stays above $110k, profits may flow into altcoins, according to Santiment.

Read more at Cointelegraph: Altcoins Surge While Bitcoin Dominance Holds: Analyst