Key Points
- The market is witnessing a significant increase in altcoins, potentially indicating the start of an altcoin season.
- Experts suggest market trends and sentiment, not just Bitcoin’s decreasing dominance, are driving the altcoin surge.
The cryptocurrency market is currently seeing a substantial growth in altcoins, stirring conversations within the sector about the possible arrival of the much-awaited altcoin season.
As the dominance of Bitcoin [BTC] seems to be diminishing, some players in the market think this change might instigate a new phase.
Disagreement Among Experts
However, there is a disagreement among experts regarding the real motivators behind the altcoin rally. Many contend that wider market trends, not just Bitcoin’s declining dominance, are significantly contributing.
Moreover, the rising impact of elements such as stablecoin liquidity is altering the altcoin cycle’s dynamics. This shift is prompting crucial queries about what is genuinely driving this recent market activity.
