📢Attention crypto-investors! According to analysts, the famous "altcoin season" is coming in the cryptocurrency market. Despite fluctuations in the price of Bitcoin (BTC), the market value of altcoins has remained constant, failing the $315 billion level as support. 🚀
Historically, the price of altcoins follows Bitcoin, and altcoin market cap and Bitcoin dominance charts may give signs of when altcoins could enter their own bull season.
Despite mid-March highs, most altcoins have corrected, while BTC remains near its all-time high of over $70,000.
Analysts are watching with renewed interest the Bitcoin dominance chart, which has remained above 50% since September 2023 and is currently at 54.5%.
Do you think we are about to enter altcoin season? Share your thoughts in the comments! 💭💡