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Where has the altseason gone and is it worth waiting for!!!
Members of the crypto community continue to wait for the altseason. The market's decline after a slight rise on the positive statements by the head of the Federal Reserve regarding the key interest rate in the US on August 22 has heightened concerns.
The crypto market has yet to dive into an altseason during this cycle. At the time of writing this review, the CoinMarketCap altcoin market activity index indicates that investors are more focused on Bitcoin than on alternative coins.
At the same time, there are some signals that give hope for the imminent arrival of the altcoin season. One of them is the decline in Bitcoin's dominance level. Back in late June, BTC accounted for about 65% of the market. At the time of writing this review, Bitcoin's dominance level has dropped to 57%. The main altcoin, Ethereum, has strengthened its position during the same period from 9% to 14%.