The altcoin season is just around the corner

One of the key indicators of the start of the alt season is the growth of TOTAL3 — a metric that tracks the total market capitalization of all cryptocurrencies except for $BTC Bitcoin and $ETH Ethereum. Since the beginning of the month, it has increased by 35% and at the time of writing stands at $933 billion and is approaching its all-time high of $1.13 trillion. Notably, the growth of TOTAL3 occurs during a period when Bitcoin's dominance (BTC.D) is consolidating. Daily chart data shows that BTC.D has fluctuated between 61% and 58% since November 8. Currently, BTC dominance is 59.30%. This means that investors are shifting their attention from Bitcoin to other cryptocurrencies, potentially pushing their capitalization upward.$XLM