AVAX’s Explosive Potential: Could a Bitcoin Dominance Drop Trigger Another 7x Movement?

In late 2023 and early 2024, Avalanche (AVAX) experienced a remarkable surge, increasing over 7x as Bitcoin dominance (BTC.D) rose. This unusual trend defied the typical market pattern where rising BTC.D typically signals a strengthening of Bitcoin at the expense of altcoins. Now, with BTC.D potentially on the verge of a reversal, analysts and traders are once again watching AVAX closely. 7x price movement in such a context suggests that when dominance shifts towards altcoins, even strong Bitcoin-led markets can see explosive rallies.