Viewpoint: ETH/BTC ratio hits 5-year low, suggesting a shift to strong altcoins

Odaily Planet Daily News Ethereum's ratio to BTC fell to 0.02281, hitting a near 5-year low. Economist and encryption trader Alex Kruger suggests that investors consider dumping ETH and switching to stronger AltCoins to achieve higher returns when the market rebounds. Although the bottoming out of the ETH/BTC ratio is often seen as a signal of the beginning of Altcoin season, CoinMarketCap's Altcoin Season Index shows that the current market still leans towards BTC dominance. BTC Market Cap currently accounts for 62.15%, while when Ethereum hit an all-time high in November 2021, BTC's share was only 42%. (Cointelegraph)