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Analysis: The AltCoin season may be about to begin
Golden Finance reported that BTC has pumped 129% so far this year, mainly driven by the results of the 2024 US presidential election and the Halving event in April 2024. Despite the pump in BTC price, BTC's dominance is declining. On November 30, 2024, BTC's dominance fell to 56.1%. This indicates that BTC investors are taking profits and rotating to AltCoins, and the AltCoin season may be about to begin.