The crypto market is about to enter altcoin season, according to Tom Lee of Fundstrat

According to Tom Lee from Fundstrat, the cryptocurrency market is currently entering "altcoin season". Based on Bitcoin's (BTC) dominance decline to 56.1%, many analysts believe that investors have begun shifting profits from Bitcoin to altcoins, opening new investment opportunities for smaller cryptocurrencies like Solana (SOL) and Cardano (ADA).

Tom Lee confirms that the strong growth of Bitcoin recently will create conditions for altcoins to thrive. He compares the current situation to the growth period in 2017 when investor interest shifted to altcoins after BTC increased in price. If this trend continues, altcoins may benefit significantly and yield higher returns than BTC in the near future, especially during the period leading up to Donald Trump's presidential inauguration in January 2025, which is predicted to stimulate strong investment sentiment.

Thus, the emergence of altcoin season may continue throughout December and into early 2025, creating an exciting investment environment for cryptocurrency investors.