Bitcoin Now Accounts for Less Than 60% of Total Crypto Market Value. History Says This Happens Next.
Altcoin season could be coming soon, according to this key Bitcoin metric.
Overview
For crypto investors, one of the most exciting times of the year is "altcoin season." That's when smaller market cap altcoins skyrocket in value, far outpacing the performance of Bitcoin (CRYPTO: BTC).
That's why inventors are constantly on the lookout for signals that altcoin season is nigh. Right now, a key indicator is flashing green. If history is any guide, some altcoins could be ready to go parabolic.
Details
That key indicator is known as the "Bitcoin Dominance" metric. It simply refers to the percentage of the crypto market's total market cap that Bitcoin accounts for. The higher the percentage, the more dominant Bitcoin is.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.