Dude! 🚀 The million-dollar question in the crypto world is whether we are in Bitcoin's party or if the altcoins are already revving up. Bitcoin season or altcoin season? Shiba Inu executive explains what's happening 🔥
The debate has gotten serious, especially since Ethereum has been flirting with the 4,000 bucks. And of course, who better to enlighten us than Lucie, the marketing chief of Shiba Inu? 🐕 She just spilled the beans about the current market mood, what's up with the so-called "altcoin season" and when we might see a shift in the tide.
The official thermometer for this is the Altcoin Season Index, and honestly, it's colder than Antarctica. With a score of 39, it's far from the 75 points needed to say "it's altcoin time!". Despite Ethereum and XRP putting up a fight, King Bitcoin still wears the crown, with a 61% market dominance. 👑
But pay attention, because here comes the good part. Three weeks ago, Bitcoin's dominance was at 64.3%. That drop, although it seems small, is a sign that altcoins are gradually gaining ground. Lucie calls it an "accumulation phase," and if history repeats itself, this is like the calm before the storm. 🌪️
When could we see the game changer? Lucie aims for September. 🗓️ The magic combination would be to see Bitcoin's dominance drop further and the altcoin index rise like foam, above 75. The last time we saw a dance like this was in December 2024, with an index of 88. Since then, Bitcoin has been the master of the dance.
So, while Bitcoin continues to lead, altcoins are quietly gaining momentum. The question is: will September bring us the party we've been waiting for? 🤔$BTC $ETH $SHIB
