As the cryptocurrency market continues to evolve, many traders and enthusiasts are speculating about the next phase of Altseason, anticipated to begin at the end of this month and extend through Q1 2025. Altseason, a period where altcoins (cryptocurrencies other than Bitcoin) significantly outperform Bitcoin, has historically presented opportunities for investors and traders alike.
What Drives Altseason?
Altseason is not a random occurrence—it’s influenced by several key factors:
1. Declining Bitcoin Dominance
Bitcoin dominance, the measure of Bitcoin’s market cap compared to the total cryptocurrency market, is often a critical indicator of Altseason. When dominance declines, it signals a shift in market capital towards altcoins, leading to their outperformance.
2. Market Sentiment
Positive market sentiment fuels speculation and investment in smaller, emerging cryptocurrencies. Historically, after Bitcoin reaches a new high or stabilizes, attention shifts to altcoins with higher growth potential.
3. Emerging Trends
Innovations such as DeFi, NFTs, AI-based tokens, and layer-2 solutions have been pivotal in driving altcoin
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