Falling Bitcoin dominance suggests altcoin season might be coming: MEXC COO

Tracy Jin of Mexc indicates several signs of a potential Altcoin season, including the fall in the domination of Bitcoin and the high performance of Ethereum.

After gaining momentum at the end of 2024, Bitcoin (BTC) Domination has gained a significant drop, suggesting a potential change to a season in Altcoin. On Tuesday, May 13, the share of Bitcoin of the total market capitalization of cryptography fell to 61.3%, down compared to the 65% that he almost reached last week.

According to Tracy Jin, COO of Mexc, it is only one of the many early indicators that a Altcoin season can approach. At the same time, traders seem to be a stable -co -bike bike, while individual altcoins see a wave of interest.

“The domination of bitcoin has just made a significant drop – from 65% to 62% – while the Altcoin market capitalization jumped $ 300 billion in a few weeks. This type of change does not occur without reason. The first usual signals are indicators: a drop in the domination of the USDT, the improvement of the price structure on Altcoin Charts and growing interests in the sector like Monero, Such

Ethereum increases 10%, sees the increase in FNB entrances

Ethereum (Eth) Also signals the growing interest of Altcoin. On May 13, he jumped 9.99% in a single day and was now up more than 50% in just a week, going from $ 1,778 to $ 2,696.

“Ethereum’s performance is another signal indicating the potential start of the Altes-season. Although large short positions among ETH traders and the persistent lowering feeling previously indicated a continuation of the downward trend, an increase in risk appetite has renewed interest in ETH and smaller altcoins,” said Tracy Jin de Mexc

While Jin admits that we are still technically in “bitcoin season”, she thinks that it could mark the start of a reversal. In particular, traders are now looking for higher yields, and many can consider Bitcoin as an excessive exaggeration. For this reason, sectors such as AI, privacy and Defi could emerge as the greatest winners of the coming weeks.