Long-term cryptocurrency and stock investor Jell believes that the upcoming year will be "great for altcoins." On this note, he emphasized that the TradingView total market capitalization index (TOTAL) is approaching a "price opening," showcasing a strong optimism towards cryptocurrencies.
At the same time, Jell compared the TOTAL metrics with Bitcoin Dominance (BTC.D), which "appears ready to decline."
TOTAL is testing old resistance that is now acting as support at around $3.24 trillion. Meanwhile, BTC.D has failed to resume its upward trend, bouncing back from the resistance trend line and reaching a lower high.
Another analyst recently shared similar thoughts on Bitcoin's dominance, expressing bullish sentiments regarding altcoins in 2025. Mister Crypto sent a "warning to altcoin holders," stating that "we will soon become super rich."