![Altcoin Season May Be Approaching, Analyst Says](https://fastpayadayloansas.com/wp-content/uploads/2024/06/wprdn8tC-600x400.jpg)
Altcoin Season May Be Approaching, Analyst Says
Cryptocurrency analyst Kevin Svenson believes an important Bitcoin metric indicates a potential surge in altcoins. Bitcoin Dominance Declining Svenson highlights Bitcoin dominance, which measures Bitcoin’s market value relative to other cryptocurrencies. He observes that dominance is falling below its trend line, suggesting that altcoins may be poised for growth. Altcoins Gaining Strength Svenson notes that…