PANews December 1 news, 10x Research pointed out in its market analysis that the cryptocurrency market capitalization has soared to $3.43 trillion, while Bitcoin's dominance has dropped from 60% to 56%. A higher overall market cap combined with a declining Bitcoin dominance is often seen as a sign of altcoin season. In cryptocurrency, market theories tend to self-fulfill as beliefs drive momentum. Since November 17, Solana (SOL) has remained relatively stable, while other large-cap altcoins have performed excellently. Ethereum (ETH) has risen nearly +18%, and Ripple (XRP) has surged +70%. The market cap gap between Solana and Ripple is now only $6 billion, which means a 'flip' could occur within days, with Ripple potentially becoming the third most valuable cryptocurrency.
