#AltcoinSeasonLoading Altcoin season might be on the horizon, driven by several key factors:
- *Bitcoin Dominance*: Bitcoin dominance has dropped to 63.89%, indicating a potential shift in capital rotation from Bitcoin to altcoins. Historically, when Bitcoin dominance falls, altcoins tend to outperform.
- *Ethereum's Performance*: Ethereum has surged nearly 13% recently, outperforming Bitcoin. This trend is often seen as a signal for the start of altcoin season.
- *Altcoin Market Cap*: The altcoin market capitalization is close to reaching a new all-time high, suggesting a continued upward trend.
- *Macro Factors*: Global M2 money supply growth and accommodative monetary policies could support the bullish trend in crypto assets.
Some potential indicators to watch for the start of altcoin season include¹ ²:
- *Bitcoin Dominance Breakdown*: A decline in Bitcoin dominance below key support levels could trigger a broader altcoin rally.
- *Ethereum's Strength*: Ethereum's breakout against Bitcoin could signal capital rotation into altcoins.
- *Regulatory Clarity*: Positive regulatory developments and spot ETF approvals could legitimize altcoins and attract institutional capital.
*Potential Altcoins to Watch*
- *Low-Cap Altcoins*:
- *Flare (FLR)*: Layer 1 infrastructure supporting applications dependent