Despite Bitcoin’s (BTC) Turndown, Altcoin Season is Coming: 3 Projects Gearing Up for Massive Gains
The post Despite Bitcoin’s (BTC) Turndown, Altcoin Season is Coming: 3 Projects Gearing Up for Massive Gains appeared on BitcoinEthereumNews.com.
Bitcoin’s (BTC) dominance is near its peak after the halving event, currently registering at 60.2%. BTC’s high dominance usually signals that altcoin season is upon us. The crypto market has witnessed a spectacular run since Trump’s US election victory and inauguration. Overwhelming bullish sentiment following the US election and inauguration of Donald Trump has triggered massive gains. Bitcoin (BTC) smashed its all-time high many times, peaking at $109,114 on January 20. While the market has corrected since, BTC trades around the $98,000 price point, suggesting it could make a run for the elusive $100,000 again. Altcoin Battle Continues But Makes Significant Gains in the Past Week Meanwhile, BTC remains the undisputed leader of the crypto world and maintains its reputation as the most trusted digital asset. As the dominant store of value, BTC is the go-to choice for institutional investors, and spot BTC ETFs witness record inflows. While BTC asserts its position as the top investment choice, many altcoins have surpassed its profit potential. We are approaching the peak of Bitcoin’s dominance following its halving event, and investors are turning their attention to smaller assets, indicating the start of the altcoin season. BTC’s dominance is currently 60.27%, ETH’s dominance measures 10.2%, and other altcoins measure 29.3%. Cardano (ADA) Gains Along with Other High-Profile Altcoins Cardano (ADA) has been one of the top performers in the past year, gaining nearly 30%. It is trading for $0.79 and has gained 2.75% in the past day. ADA skyrocketed after Cardano founder Charles Hoskinson revealed plans to help shape US crypto policy under Donald Trump’s administration. Cardano (ADA) is a dynamic crypto market player prized for its robust fundamentals and innovative approach to blockchain. Cardano’s recent surge in interest stems from its active community and continued improvements to its infrastructure. Investors are optimistic about Cardano’s…
Filed under: News - @ February 22, 2025 9:20 pm