#AltcoinSeasonLoading Altcoin season hasn't arrived yet, but there are indications it might be on the horizon. Currently, Bitcoin dominates the market, with the Altcoin Season Index at 16%, meaning only 16% of the top 100 altcoins have outperformed Bitcoin over the last 90 days. Bitcoin's market share is around 62.7%, showing investors still favor it over altcoins ¹ ².
*Key Indicators to Watch:*
- *Bitcoin Dominance*: A decline in Bitcoin's dominance could signal the start of altcoin season. Recently, Bitcoin dominance dropped from 65.36% to 63.69%, potentially indicating a trend reversal.
- *Altcoin Performance*: A surge in altcoin prices and trading volumes could indicate the beginning of altcoin season.
- *Market Sentiment*: Positive sentiment around altcoins, driven by factors like technological advancements, regulatory clarity or new trends, can contribute to altcoin season ³ ⁴.
*Expert Predictions:*
- Raoul Pal predicts a potential "Banana Zone" altcoin surge as Bitcoin dominance peaks and investors rotate profits into smaller altcoins.
- However, not all analysts agree, with some believing Bitcoin dominance could continue to grow due to institutional adoption and ETF inflows ³.
Keep an eye on market trends and news for potential shifts in investor sentiment and altcoin performan