The crypto market is currently entering the early stage of altcoin season, according to analysts from Swissblock and BeInCrypto. Below are some signs and perspectives on this situation:
*Signs of altcoin season:*
- *Declining dominance of $BTC Bitcoin*: Bitcoin's dominance has decreased from 66% to 64%, indicating that capital is shifting towards altcoins.
- *Increase in altcoin market capitalization*: The market capitalization of altcoins has risen by over 14% since the beginning of July, reaching 933 billion USD.
- *Altcoin Season Index rises*: This index has reached a level of 35, the highest since February, indicating that altcoins are showing signs of a breakout.
*Experts' perspectives:*
- *Arthur Hayes*: The co-founder of BitMEX predicts that the altcoin season is about to explode, referring to it as the "monster altcoin season".
- *TechDev*: This prominent analyst believes that the altcoin market has been suppressed for 4 years and is now ready to break out.
- *Michaël van de Poppe*: This analyst emphasizes that this is the best time to buy altcoins and take profits within the next 12 to 24 months.
*Important notes:*
- *Token saturation*: Nicolai Sondergaard, a research analyst at Nansen, warns that token saturation could impact the growth of altcoins.
- *Market risks*: The crypto market is always volatile, and investing in altcoins needs to be done carefully and with thorough research.