#AltcoinSeasonLoading The 2% decline in Bitcoin dominance is a classic signal that traders watch for capital rotation into altcoins, and recent price action suggests that momentum is building across the market.
Signs That Altcoin Season May Be Approaching
* Ethereum Outperforming Bitcoin – Historically, when ETH starts gaining against BTC, it signals the beginning of an altcoin rally.
* Altcoin Breakout Patterns – Tokens like DOGE, XRP, SOL, and ETH are mirroring Bitcoin’s late April breakout, suggesting broader market strength.
* M2 Money Supply Growth – Analysts note that increasing global liquidity often supports bullish moves in crypto assets, which could fuel altcoin gains.
* Altcoin Season Index – The index tracking altcoin performance vs. Bitcoin has hit 82, well above the threshold that typically signals an altcoin surge.
Which Tokens Are Gaining Attention?
* Flare (FLR) – Layer 1 infrastructure supporting applications dependent on external data.
* Drift Protocol – A Solana-based decentralized exchange (DEX) focused on perpetual futures.
* Sonic – A high-speed Layer 1 blockchain with a secure Ethereum bridge.
* Akash Network (AKT) – Decentralized cloud computing services.
* Fetch.ai (FET) – AI-driven blockchain applications.