Global #altcoin season

A surge in altcoin trading volume on Binance has fueled speculation about an impending altcoin season. While Bitcoin dominance remains significant at 57.74%, up 2.41% in the past month, the growing retail investor interest in altcoins suggests a shift in market sentiment.

After a challenging 2024, Cardano (ADA) has ignited investor enthusiasm with a remarkable price surge, climbing from $0.80 to $1.14 at press time.

As the US Presidential Election draws nearer, Bitcoin's dominance in the cryptocurrency market is surging, raising concerns for an impending altcoin season.

In the past three weeks, the cryptocurrency market has experienced a remarkable surge, with the total market capitalization rising from $1.828 trillion to $2.261 trillion—a nearly 20% increase.

As the cryptocurrency market evolves, Binance Coin (BNB) stands out as a prominent altcoin to watch, particularly with expectations of significant gains in the fourth quarter of 2024.

This past week has witnessed a notable surge in altcoin performance alongside Bitcoin (BTC), leading to an increase in the Altcoin Season Index, which has risen to a two-month high of 45, according to Blockchain Center.