To fully understand altcoin market cycles, it is imperative to understand the Bitcoin dominance metric. Previously on our Twitter account (@thecryptofam), we posted threads dealing with the following topics: A potential indicator for the beginning of alt season, and how a bear market might affect the altcoin markets. For those who may not know, Bitcoin dominance is a percentage that measures Bitcoins share of the entire cryptocurrency market capitalization. It is not a perfect metric, but it helps to analyze the macro-market. We can observe capital flowing between alts and BTC with this chart and make some conclusions about the markets current state.
Good analysis. It's refreshing to see decent posts that actually discuss trends on this forum.
Going back to the topic, although i bitcoin dominance is a good metric, it does not indicate whether or not an "altcoin season" occurs. Altcoins work independently from bitcoin and each other and their success depends on how good the overall project is. Whatever season you call it, bitcoin dominance can gain or lose depending on the altcoins that are being hyped at certain point in time.