Are we entering Altcoin season already? ๐๐๐
An "altcoin season" refers to a period in the cryptocurrency market when the prices of alternative cryptocurrencies (altcoins) experience significant gains compared to Bitcoin. Altcoin season is often characterised by a decline in Bitcoin's dominance in the overall cryptocurrency market.
Bitcoin dominance is a measure of Bitcoin's market capitalization relative to the total market capitalization of all cryptocurrencies. When Bitcoin's dominance decreases, it suggests that altcoins are gaining traction.
Currently, we can see bitcoin dominance declining and most altcoins rallying. e.g., Cake has done over 100% uptrend in less than one week.
Do you think altcoin season is with us?
Which altcoins are you holding for massive gain?
Share your thoughts in the comment section. See you all at the top.
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