Are You Ready for Altcoin Season? Top DeFi Projects to Watch Ahead
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The excitement around meme coins on chains like Tron (TRX) and BNB Chain (BSC) is fueling anticipation for the long-awaited altseason. Bitcoin’s price is on track to close above $60k in August, potentially boosting a crypto bull run into September and the final quarter of 2024.
With institutional investors pouring money into U.S. spot Bitcoin ETFs, the stage is set for a potential altcoin frenzy. Last week, US spot Bitcoin ETFs saw a significant inflow of over $500 million, with a peak of $250 million on Friday.
What’s brewing?
Bitcoin Dominance: A Key Altseason IndicatorBitcoin dominance, a key metric for predicting altseason, has hit a major resistance level. This suggests a possible shift in the market soon. Analyst Egrag Crypto predicts that the altseason could start within the next six to twelve months. They expect Bitcoin dominance to either reverse from current levels or rise towards 70 percent before changing direction.
#BTC Dominance: Retest & Great Fall 