Bitcoin dominance will melt for altcoins season to start. Do you agree?

[maydna]

Altcoin season is not yet start so we must be patient waiting for that time. Bitcoin is decrease a lot from the last ATH but the price can survive and hodl the price not to go down deeper. The last lower price I saw was at $101k but now, the price slowly back to $103k and that is a good news for us.

Although the red candle still appear on the market but the price want to increase. This make altcoin also trying to lift the price although not much. So it seems the investor trying to take a look at what altcoin that they may buy.

If the situation can back to the high price in the next week, we may see a good movement at the crypto market. But if not, we may see another drop from Bitcoin that can affect to altcoin. So you need to be ready for anything.

[CageMabok]

For your your information, there were notable altcoins that were added to the US strategic reserve as announced by the US government, altcoins Iike Solana, Ada were added along side Bitcoin on the US Bitcoin strategic reserve.
In addition, there are strong altcoins with solid features with huge potential to perform on the long run. These altcoins has good marketcap, trading volumms that should fit in as a reserve by other countries, but every nations has their choices, though many prefer Bitcoin not because there are no good altcoins.

For some countries that are more inclined to choose Bitcoin than altcoins is because of their trust in Bitcoin which is already greater than in altcoins which in general can still be affected when Bitcoin experiences price corrections in the market. Good altcoins do exist and are even quite a lot and include Solana, but when talking about the choice of countries or individuals for each person, of course everything must refer to the belief and trust in several altcoins. Because there are also many bad altcoins, while Bitcoin is always good so there are no shortcomings that make people doubt Bitcoin.

[Questat]

Looks like this circle will be different for altcoins because bitcoin has been dominating since last year and the price hasn't dropped to the point that altcoins will take over. I don't think that we should be expecting altcoins season anymore because nobody knows if bitcoin price will melt and give altcoins the chance to dominate the market.

One thing that I have observed is that when you see these altcoins pump, it's better that you take profit immediately, and don't have the confidence that they'll perform well in the long run because most times it use to be the opposite. More people are buying bitcoin and not altcoins.

Also, when we see altcoins are pumping, that’s because bitcoin is mostly taking the lead and is highly bullish, altcoins just follow the path. So it’s really hard to expect when will be the next altcoin season since bitcoin’s dominance has not melt yet, and is even more getting bullish from time to time. But I’d still believe, there’s always an altcoin season, but we can’t tell what year it will be happening again.

[Japinat]

Well, it’s already given that for altcoin season to start, bitcoin bull run should come to its end. Now the question is,  when are we going to witness for bitcoin dominance to subside? For me, this question alone knows no accurate answer. Because in reality, I don’t think bitcoin dominance will still come to melt seeing it often dominates the whole time. And if ever altcoins prices have been surging high, that because of the bullish influence of bitcoin.

[nelson4lov]

Some of those altcoins you mentioned have unlimited supply and also greedy teams. So even if thy look promising from an investment PoV, it's nowhere near Bitcoin.

Paying your attention on supply like limited or unlimited is good but it's not enough.

The biggest risk of altcoins is how altcoins are very easily launched and people behind those shitcoins even don't have to know of programming. There are websites, tools to launch shitcoins very easily without developmental inputs. If a scam team invest kind of financial budget for a website, white paper, marketing and other things, they can find more victims who are careless, greedy and inexperienced enough to fall into scam traps.

Years ago, market cap tracking websites like Coinmarketcap and Coingecko did not have their Red Flag warning like "This token as an active Mint Function that can be used to mint more tokens" like now. Even so, as said many people are simply careless enough to ignore such red flags.

Tokenomics is still an important piece of the puzzle but yes, you're still right. As a matter of fact, we can both be right. The barrier to entry now is extremely low and that's why we have a steady supply of new shits flooding the market. It is estimated that over 1k tokens are created every hour on pumpfun. Even fascinating is the fact that its just pumpfun. I'm sure the numbers will go up exponentially when counted across various chains.

That's why my thesis in recent times have remained the same—Bitcoin ONLY.

[BitMaxz]

Well, it’s already given that for altcoin season to start, bitcoin bull run should come to its end. Now the question is,  when are we going to witness for bitcoin dominance to subside? For me, this question alone knows no accurate answer. Because in reality, I don’t think bitcoin dominance will still come to melt seeing it often dominates the whole time. And if ever altcoins prices have been surging high, that because of the bullish influence of bitcoin.

I don't know if we are going to see Bitcoin dominance drop again because there are lots of things changed this cycle. Unlike in the past, we already have a Bitcoin ETF and big institutions and banks. Exchanges also become regulated, and most of the investors are more interested in Bitcoin but still I am expecting to see altcoin season this year. My expectation, honestly, is July; however, it looks it's impossible while the BTC.D is still high and vice versa on USDT.D.
Let's see this coming in the ber months if it's going to be a meltdown, but if not, I'm still expecting next year's altcoin season to happen. If it didn't happen, then all coins' price action will tend to move in similar patterns. Just like what happened last year when the BTC price gradually increased and most major coins were doing the same.

[yhiaali3]

~

We are yet to see the end of the rally for BTC.

That's why alts still didn't shine, but it will change once investors will push BTC to the biggest ATH yet.

They can't do it forever

Yes, it's true, we haven't seen the end of Bitcoin's bull run yet. It's also true that altcoin's launch will occur after Bitcoin reaches its peak, but the question is when. Of course, no one knows.

In previous cycles, this usually occurred 6-12 months after Bitcoin's halving. But in this cycle, we exceeded that number by several months, and we haven't yet reached the peak or the launch of altcoin. It doesn't appear as if that will happen. Therefore, I say this cycle is truly different.

[shinratensei_]

Well, it’s already given that for altcoin season to start, bitcoin bull run should come to its end. Now the question is,  when are we going to witness for bitcoin dominance to subside? For me, this question alone knows no accurate answer. Because in reality, I don’t think bitcoin dominance will still come to melt seeing it often dominates the whole time. And if ever altcoins prices have been surging high, that because of the bullish influence of bitcoin.

It's the billion dollar question, there are many ways for BTC dominance to go down and melt but will it?
We can see the chart and BTC dominance is climbing to 64.65% right now reaching resistance, it's more likely to go down but if somehow it break resistance, be prepared for another dump for altcoin.

Market is hard to predict and we're not even sure if BTC dominance gonna go back to 41% at some point.