When altcoin season? Assessing market signals and future prospects

📆 8/16/2024 1:29 AM
📰 CryptoAmb

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The altcoin season could take a few more months to arrive, and one metric showed that now is a good time to buy crypto.

The Bitcoin Dominance measures the market cap of BTC as a percentage of the total crypto market cap. When it drops, it means BTC is losing market share, which is a key development for an altcoin season.Source: BTC.D on TradingView

The metric has been in a downtrend over the past six weeks and fell below the March 2024 lows. Investors have good reason to expect crypto prices to trend upward as demand flows in again. It examined the link between the RRP and liquidity flow into financial assets such as gold or Bitcoin.

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