#AltcoinSeasonLoading The altcoin season may be around the corner. Recent market trends indicate a potential shift in favor of altcoins. Here are some key indicators ¹ ²:

- *Bitcoin Dominance*: Bitcoin dominance has dropped to 63.89%, suggesting a potential capital shift towards altcoins. Analysts expect further declines, which could lead to an increase in the value of altcoins.

- *Performance of Altcoins*: Ethereum surged by 13% over the past 24 hours, while major coins like Solana, Dogecoin, and Cardano gained over 6%. This rise indicates growing interest in altcoins.

- *Altcoin Season Index*: The CoinMarketCap Altcoin Season Index rose from 23 to 36, indicating a shift towards the momentum of the altcoin season. However, the index is still in neutral territory, suggesting that the altcoin season has not officially started yet. - *Market Forecasts*: Analysts, such as Raoul Pal, expect a significant increase in altcoin prices, referring to it as the "banana zone." Others believe that Bitcoin needs to reach new all-time highs before altcoins take off strongly.