99% of Altcoins Will Disappear? The Future of the Market as Seen Through Bitcoin's Expanding Dominance

▲ Bitcoin and Cryptocurrency ©

As Bitcoin's market dominance hovers around 57% and a quiet warning bell rings in the altcoin market, investors' attention is drawn to conflicting analyses: a chilling warning that 99% of altcoins on the market will be delisted, coupled with predictions of an unprecedented bull run approaching after a period of weeding out the weak.

According to the cryptocurrency media outlet Bitcoinist on April 21 (local time), virtual asset analyst Michael van de Poppe diagnosed that a brutal cleansing, not a collapse, is approaching the altcoin market. He stated that just as a true web ecosystem was built after countless companies squandered their investments and disappeared in the early internet era, approximately 99% of current altcoins will converge to $0, which he considers a perfectly fair outcome.

Despite this painful outlook, he emphasized that the current period is one of the most optimistic in the history of virtual assets. He argues that even if most tokens disappear, selected decentralized finance platforms like Bitcoin (BTC), Ethereum (ETH), and Aave (AAVE) will survive and lead the market. He particularly drew a line, stating that the market pain caused by the recent KelpDAO hacking incident is merely temporary turbulence, not a structural collapse.

Specific buying points were also suggested. He believes that if Arbitrum (ARB) falls to the $0.16 level, it could be an excellent opportunity for a low-point purchase. He noted that several technical indicators, such as increased market trading volume and recovery of key price levels, are very similar to those just before the explosive rise in early 2020. He predicted that if the leading cryptocurrency, Bitcoin, forms a new high near $77,000 and Ethereum also maintains its major support levels, a bullish trend of buying on dips would remain valid.

On the other hand, pessimistic caution is also significant. The analysis group Our Crypto Talk countered that the market has not yet met the conditions for a bull run. They pointed out that the price should cross above the 20-day simple moving average, and the 20-day line should cross above the 50-day line, but currently, both conditions are unfulfilled. They argue that the current situation, where the leading cryptocurrency is trading below those moving averages and dominance reaches 57%, is a red danger zone more prone to downward bleeding than upward movement.

Experts commonly agree that an increase in Bitcoin's dominance signifies capital outflow from altcoins. However, van de Poppe analyzed that the market is in a bottom-forming stage after the sell-off in Q4 2025, and considering this process typically takes two to four months, the current point, after two and a half months of correction, is on the verge of a major trend reversal.

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