Will Altcoin Season Start in June 2024?
While many anticipate altcoin season to take place soon, the possibility seems low.
Bitcoin Dominance Is Rising Again?
The dominance of $BTC reaches 54.54%. This dominance has increased by 1.41% over the past several days, raising the possibility of altcoins being popular and the market recognising an altcoin season.
Indeed, altcoin season usually occurs when 75% of the top 50 coins perform better than Bitcoin over the last 90 days. This figure currently stands at 27%, which is far below the threshold for a confirmed altcoin season.
Thus, the chances of an altcoin season in June are pretty low, so it could instead extend to July .
