Coinbase Confirms FULL-SCALE ALTCOIN SEASON?!
This is the moment we've all been waiting for! According to a new report from Coinbase, current market conditions are pointing toward a "full scale altcoin season" as we head into September. Bitcoin dominance has fallen to a six month low, which is a major signal that capital is rotating into altcoins.
Historically, an altcoin season is defined as a period when at least 75% of the top 50 #altcoins by market cap outperform Bitcoin over a 90 day period. Right now, altcoin market cap has already jumped over 50% since early July, and the #AltcoinSeason index is climbing higher.
This shift is being fueled by a supportive macro environment, declining Bitcoin dominance, and a strong narrative around digital asset treasuries and stablecoins. It's time to get excited. The stage is being set for an epic altcoin rally. #Altcoin #Alts