BTC Market Share Drops, Altcoin Bull Market Starts with a Bang, Projects Related to Musk Become the Focus!

Now everyone knows that the altcoin season has arrived, but no one can clearly explain how to determine whether it has truly come. In fact, whether altcoins can enter a bull market depends on the BTC market share. If this market share rises, it indicates that funds are flowing into BTC, and everyone is only focused on Bitcoin, meaning altcoins will definitely still be in a bear market. If the market share declines, it means that funds are flowing out of BTC into altcoins, signaling the arrival of an altcoin bull market.

Looking back, in March 2017, BTC's market share suddenly dropped from 80% to 30%, and shortly after, the altcoin bull market exploded. In January 2021, the market share decreased from 70% to 40%, and the altcoin bull market began again. Now, in December 2024, the market share has fallen to 56%, and it has dipped below the upward channel. The last time the market share plummeted was in January 2021, after which altcoins surged until June 2023, when the market share broke through and continued to rise.

Recently, the market share has been continuously declining, and altcoins are almost all reaching new lows, making it tough for retail investors holding coins. Now, the market share has again dropped below the upward channel, and a new altcoin season has begun.

Additionally, the recently popular Musk-themed puppy project has rapidly developed thanks to its innovative concepts on the Ethereum blockchain, attracting a lot of investor attention. This project has significant development potential and is reminiscent of the previously very popular shib project in many ways, so everyone thinks it is likely to become the next shib, potentially sparking a new trend in the cryptocurrency market, which deserves the attention and in-depth research of investors regarding its future development.

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