Crypto 'Altcoin Season' Returns as Bitcoin Dominance Fades. • | Market Ranger

Crypto 'Altcoin Season' Returns as Bitcoin Dominance Fades.

• Index of 100 tokens outperforms Bitcoin over the last month
• Investors look to diversify away from just the largest coins

Smaller, lesser-known tokens are outperforming Bitcoin in another “altcoin season” as the world’s largest digital asset has seen its dominance wane in recent weeks. An index of 100 coins is on pace to outperform Bitcoin for the second straight month, amid surges in Solana, Cardano, Avalanche and others. Meanwhile, many crypto firms are seeing greater client interest for these smaller tokens, with BlockFi last weekend noting a “flip” by its retail clients toward alternative coins.  

Bitcoin’s share of the market has fallen to about 40% from 65% at the start 2020, according to CoinMarketCap data.

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