Analysts say this key metric suggests an altcoin season is at hand

by Aurelia Butler 17 August 2021, 23:40 179 Views

Currently, the BTC rally has stalled out near the $46,000 price level, and this phase of sideways trading is giving altcoins an opportunity to step forward. As shown in the chart below, the total market capitalization of the altcoin market has risen 80% since July 20. Meanwhile, the Bitcoin dominance rate is down 10% since July 30.

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Source: Cryptocurrency - investing.com

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Analysts say this key metric suggests an altcoin season is at hand

Texas Gov. Abbott, who banned mask and vaccine mandates, tests positive for Covid

Chinese cloud giants eye South-East Asia

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