The Altcoin Season Index has indicated that the market may soon favor altcoins over Bitcoin, as the latter's dominance has been declining. Bitcoin's volatility has dropped significantly, contributing to a rising wedge pattern in its dominance that broke out recently in a southern direction. This indicates potential growth for altcoins. Additionally, the altcoin season index has sharply increased to 67, suggesting an upcoming altcoin season sooner than 2025.
Ethereum, as the leading altcoin, shows promising signs despite its recent uptick in price, with its NVT ratio remaining low, indicating it might be undervalued
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