What does the future hold for altcoins? Is now the best time to invest?

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Wadeson stated that BTC's dominance has bottomed out at over 54% and may further strengthen in the coming weeks and months. He predicts this situation is "terrible for altcoins."

He added that since the crazy surge of altcoins in November, BTC's 90-day dominance change has turned positive for the first time, further exacerbating the situation for altcoins.

In short, the altcoin sector may not strongly rebound from the recent adjustment. Over the past week, most top and mid-tier altcoins have dropped by 10%-30%.

Among the top altcoins, Ripple [XRP] and Cardano [ADA] both experienced significant declines. XRP dropped nearly 10% but remains above $2. In contrast, ADA fell by 18% during the same period, dropping below $1.

Interestingly, Ethereum [ETH] performed much better in its decline. It only fell by 6% but held the support level of $35,000.

However, other outliers like Hyperliquid [HYPE] and Pudgy Penguins [PENGU] surged by 40% and 425%, respectively.

Nonetheless, the overall performance of the altcoin industry has further slowed down, with the altcoin season index dropping to a monthly low of 50%.

Will the anticipated "Christmas rally" boost the prospects for altcoins? Well, that remains to be seen, as the data at hand clearly leans toward a bear market. However, a strong rebound that may occur in 2025 could reignite interest in the altcoin market.

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