Is the Era of Altcoins Approaching as Bitcoin’s Dominance Wanes?
The cryptocurrency market is currently witnessing a surge in alternative digital currencies, prompting discussions within the industry about the possibility of an upcoming altcoin season.
As Bitcoin’s market dominance appears to be on the decline, some investors and analysts speculate that this shift could pave the way for a new era in the market.
Nevertheless, opinions among experts are split regarding the primary drivers behind the recent altcoin rally, with many suggesting that broader market dynamics, beyond just Bitcoin’s reduced grip, are playing a pivotal role.
Moreover, the increasing impact of factors like stablecoin liquidity is reshaping the landscape of the altcoin cycle, raising significant questions about the underlying forces propelling this latest market uptrend.