Coinbase Predicts Altcoin Market Rally Following Trump’s Inauguration

A cryptocurrency exchange predicts a significant rally for altcoins following Donald Trump's inauguration on January 20. Coinbase's analysis advises traders to consider positioning themselves in the altcoin market.

Coinbase Insights on Altcoins

Anticipation of a major altcoin rally post-Trump's return to presidency.
Expectations for a surge in altcoins despite gradual implementation of crypto policies.
Traders may be preparing for growth under the new administration.
Recent decrease in Bitcoin dominance from 58.5% to 57.3% contributes to altcoin potential.

Bitcoin Dominance Trends

Bitcoin's dominance has been declining since late November 2024.
This decline may benefit altcoins, according to analyst Chris Burniske.

Importantly for the long tail, $BTC dominance has been slowly fading since late November ’24 – fireworks if that continues. pic.twitter.com/PyBWTwT8os

— Chris Burniske (@cburniske) January 17, 2025

Bitcoin Price Projections

Deribit options suggest max price points for January and February expiries at $94K and $98K respectively.
Price point drops to $80K for March expiry.

Stablecoin Inflows Signal Bullish Trend

Strong inflows into stablecoins indicate potential bullish momentum for altcoins.
$1.3B increase in stablecoin supply noted, with significant capital flowing to altcoins.
Bitcoin recorded a net outflow of $457 million; Ethereum saw a net outflow of $206 million.