Attention! Attention!! Attention!!!
The burning question on everyone’s minds revolves around the commencement of the altcoin season. Well, the answer is straightforward. Firstly, it's imperative to grasp the intricacies of the crypto landscape; otherwise, you'll be left in tears. Investing blindly without understanding market dynamics, events, and global economic conditions is a recipe for disaster.
Secondly, and perhaps most crucially, is the concept of #BTC dominance. This metric holds significant sway in delineating the onset of the altcoin season. BTC dominance signifies the proportion of the total cryptocurrency market capitalization controlled by Bitcoin. Altcoin seasons typically kick off when BTC dominance dips below the 50% mark. Monitoring this index allows one to assess the comparative vigor of the altcoin market vis-à-vis Bitcoin. A sustained downtrend in BTC dominance, accompanied by ascending altcoin values, serves as a potent indicator that the altcoin season may be on the horizon.
As of now, the BTC dominance stands at 54%.