The post Top 5 Altcoins Set To Explode This Bitcoin Bull Run appeared on BitcoinEthereumNews.com.

Bitcoin faces resistance enroute to its $100,000 target, with a likelihood of consolidation. This has sparked a fresh interest in the altcoin market. In 2021, altcoins delivered massive gains to traders when Bitcoin paused its rally, and a similar scenario may be unfolding this cycle.  With traders anticipating another potential breakout, we analyse key altcoins that could rally once more if Bitcoin takes a breather. This deep dive explores five altcoins from the 2021 bull run that are showing signs of gearing up for an explosive move this cycle. Bitcoin dominance dwindles, altcoin gains likely Bitcoin’s dominance peaked at 61.53%, the highest level since 2021, on November 18. Since then, dominance has dwindled, down to 58.97% on Tuesday, November 26, 2024.  A decline in Bitcoin dominance typically paves the way for capital rotation into altcoins and a likely comeback in the altcoin season, where at least 75% of the tokens outperform Bitcoin in a 90-day timeframe.   During the 2021 bull run, Bitcoin dominance dropped to 40%, and altcoins started rallying, yielding nearly double-digit gains for traders during the cycle. A similar occurrence could push altcoin prices higher during this bull run. Bitcoin dominance % | Source: TradingView  Is it altcoin season? The altcoin season index on Blockchaincenter.net shows a steady climb in the scale that measures whether it is “alt season.” When 75% of the top 50 altcoins outperform Bitcoin in a 90-day timeframe, it confirms an alt season, excluding stablecoins like Tether, DAI, and asset-backed tokens like WBTC, stETH, and cLINK.  The chart shows an increase in the index, up from 6 on November 5 to 57 at the time of writing. Once the metric touches 75, it marks an “altcoin month.” When this occurs in the 90-day timeframe, it is altcoin season.  While it isn’t altcoin season yet,…

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Filed under: News - @ November 26, 2024 9:23 pm