The post Experts Predict Incoming Altcoin Season as Bitcoin Dominance Dips, Is This Unique Web3 Project the Safe Bet for the Rally?  appeared on BitcoinEthereumNews.com.

According to experts, altcoin season is just around the corner, and FXGuys is the go-to project to reap the massive gains that the rally will bring. All crypto investors have been waiting for the next altcoin season with bated breaths. Historically, altcoin season only happens when Bitcoin’s (BTC) dominance over the market is at its lowest. As the market is approaching the alt season, crypto experts have singled out a new Web3 project that they deem the safest bet for making the most out of the rally! Altcoin Season Is Approaching as BTC’s Dominance Dwindles Altcoin season is by far the best time to capitalize on the growth of lower-cap tokens. As such, many crypto investors wait for the tell-tale signs of the rally emerging so they can scoop up the most promising tokens and make massive returns. Right now, many analysts are saying that the early stages of altcoin season are here as altcoins have shown considerable strength following BTC’s latest recovery. According to them, Bitcoin’s dominance over the market is on the precipice of a downside breakout, a trend that historically has led to massive altcoin runs. With that said, Bitcoin’s dominance stood at 57.39% as of the beginning of the fourth week of September, down 1.09% from the previous week. Decreases in Bitcoin’s dominance are only one sign of an upcoming altcoin season, and most seasoned investors don’t act on them if there’s nothing else to go on. Another crucial factor to look out for to catch the next altcoin rally in its early stages is if 75% of the top 50 cryptocurrencies perform better than BTC over the last 90 days. Once this happens, many BTC holders sell some of their holdings and rotate them into altcoins to make life-changing money. So, which altcoin is the…

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Filed under: News - @ September 29, 2024 1:26 pm