Analyst Dismisses Altcoin Saturation Concerns as Bitcoin Dominance Falls to 59.54%

Bitcoin Dominance declined from 59.99% to 59.54% on October 29 as Bitcoin fell 5% while altcoins dropped only 3.62%. Crypto analyst EllioTrades rejected concerns about altcoin market saturation, stating that sufficient room exists for sustained rallies. The analyst noted that each cycle sees select projects rally strongly while others fade, making due diligence critical.