As September 2024 approaches, Bitcoin's market dominance may drop to 40% due to the rise of alternative cryptocurrencies. Altcoins are increasingly capturing market share as they offer unique innovations and use cases that Bitcoin cannot match. The growth of decentralized finance (DeFi) and other blockchain-based applications is driving interest away from BTC. This shift is likely to continue as the market matures, leading to a more balanced distribution of market share among various cryptocurrencies. Bitcoin will remain a key player, but its dominance could decline as investors diversify into other promising projects.