The rise of other cryptocurrencies, known as altcoins, is usually associated with a decline in Bitcoin dominance. Historically, after Bitcoin dominance peaks, investors begin shifting their investments into altcoins, causing their prices to rise. This shift is known as “altseason.”

The altcoin market may rise in the following cases:

1. **Bitcoin dominance decline**: If Bitcoin dominance begins to decline, this may indicate an increase in investments in altcoins.

2. **Increased interest in new technologies**: Currencies that offer innovative technologies such as artificial intelligence (AI) or decentralized finance (DeFi) may attract significant interest, driving their prices higher.

3. **Market Corrections**: After correction periods in the Bitcoin market, investors start looking for opportunities in altcoins that may have fallen significantly and are considered attractive to buy [[❞]](https://cryptocrewuniversity.com/market-report-august-5-2024/) [[❞]](https://coinpedia.org/news/top-altcoins-to-invest-in-following-the-recent-crypto-market-crash/).

Therefore, other currencies are likely to rise in a period when Bitcoin is stable or declining in terms of its market dominance, with increased focus on new technologies or strong projects in the market.