In the context of bitcoin's growth above $51,000, traders began to actively discuss their forecasts regarding altcoins, which are alternative cryptocurrencies other than bitcoin and often exhibit a higher degree of volatility.
According to the observations of investors, they express the hope that altcoins may soon surpass bitcoin in their development. One of the expert traders notes that the growth of altcoins does not necessarily depend on the redistribution of capital from bitcoin to other cryptocurrencies. Most often, the rise of these assets is stimulated by the general inflow of capital into the market, which leads to an increase in the prices of cryptocurrencies with a lower market capitalization.
The indicator of the beginning of the altcoin season, when altcoins begin to surpass bitcoin in terms of growth dynamics, is the dominance of bitcoin. For example, on February 12, this indicator reached a third consecutive low of 54.03%, which indicates a decrease in the share of bitcoin in the market. Currently, bitcoin accounts for about 59.9% of the market capitalization, but during the growth of altcoins, this figure is decreasing.
Another experienced trader, known as Cevo, expressed his expectation about the increase in volatility and expansion of altcoins in his message on the social network X. He also warned that pumps and dumps will be more aggressive, and urged investors to remain calm and make informed decisions.
On the other hand, for the successful development of altcoins, it is important that bitcoin maintains its current level. Most likely, altcoins will follow any price corrections of the leader, which may delay the onset of the long-awaited expansion phase or altcoin season.
