Key Points
- The market is witnessing a surge in altcoins, leading to speculations about the commencement of the altcoin season.
- Experts suggest market trends and sentiment, along with Bitcoin’s declining dominance, are driving the altcoin rally.
The cryptocurrency market is currently experiencing a noticeable increase in the strength of altcoins.
This has sparked widespread conversations within the sector about the potential start of the much-anticipated altcoin season.
Bitcoin’s Declining Dominance
With the dominance of Bitcoin (BTC) showing a downward trend, some participants in the market are of the belief that this shift might act as a trigger for a new market phase.
However, there are differing opinions among experts regarding the real factors propelling the altcoin rally.
Market Trends and Sentiment
Many argue that wider market trends, not just Bitcoin’s diminished dominance, have a considerable part to play.
Moreover, the rising impact of elements such as stablecoin liquidity is altering the dynamics of the altcoin cycle.
This raises pertinent questions about what is truly driving this latest market movement.
