Signs of a Possible Altcoin Awakening
In recent days, several metrics have raised alarms for investors. Notably, a decrease in Bitcoin (BTC) dominance has been reported, dropping to figures around 58.5% and even below 55% according to some sources. Historically, a reduction in Bitcoin's market share is interpreted as a capital rotation towards altcoins.
Additionally, the Altcoin Season Index, a tool that measures the performance of leading altcoins against Bitcoin, has shown signs of activity. Some discussions on networks and specialized forums, citing recent data, suggest that this index has surpassed the 75% threshold, a level that is traditionally considered a strong signal for the beginning of an "altcoin season."
However, other references, such as the CoinMarketCap index, indicate a more modest increase, rising from 23 to 36 recently, which, while positive, has not yet reached the decisive level. At the beginning of April, this same index was at levels as low as 14-16.
Cryptocurrencies like Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and XRP have also exhibited technical patterns that some analysts compare to Bitcoin's bullish breakout in April. Solana, for example, has surpassed 170 dollars driven by increasing activity on its blockchain, while Ethereum remains strong above key supports close to 2,900 dollars.
