The post Altcoin Season Debates Intensify Amidst Bitcoin Dominance Drop appeared first on Coinpedia Fintech News
The discussions around the onset of the alt season, after Bitcoin dominance dropped below 50 percent in the past few days, have escalated in different crypto social media spaces.
The arguments for the onset of an alt season have been centered around the recent judgment ruling on XRP sales by Ripple in the past years. With XRP sold on exchanges regarded as non-security, most altcoins that were previously mentioned as unregistered securities have enjoyed a bullish outlook.
For instance, according to the latest crypto market data, XLM price has gained more than 85 percent in July alone, whereas XRP and Chainlink (LINK) are up over 53 percent in the same duration,
Bitcoin Dominance Wanes, Altcoins Take Center Stage
SOME SAYING #ALT SEASON IS ALREADY HERE
I say .. Where exactly. We have had some pump, but if we are at #Altseason then you just wait when we get a true one. That
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