The markets are witnessing a clear shift towards altcoins with Bitcoin's dominance dropping to 63.89% for the first time in months, and the Altcoin Season Index on CoinMarketCap rising from 23 to 36 over the past few days, indicating a potential capital shift from Bitcoin to altcoins. During the same period, the price of Ethereum jumped by 8.2% to around $3,300, while Solana recorded gains exceeding 12%, reaching a price of $157. The increase in Ethereum's trading volume surpassed $18.4 billion in 24 hours, reflecting rising demand for alternative assets. If the rate of Bitcoin's dominance continues to decline and the ETH/BTC ratio increases, we might be facing a true altcoin season.
Do you think now is the right time to allocate part of your portfolio to altcoins? Share your opinion!