The cryptocurrency market reached a new all-time high today, surpassing $3.50 trillion. While the Altcoin Season Index indicates that the market is in the altcoin season, 10x Research CEO Markus Thielen confirmed this situation. Bitcoin $96,937While the price of is consolidating, HBAR, XLM, XRP and other altcoins are driving the rally.
Altcoin Season and Market Trends
Altcoin season is marked by the decline in Bitcoin dominance. While Bitcoin’s market dominance decreased to 53.80%, altcoins such as XRP, XLM, and HBAR made gains exceeding 400%. Markus Thielen stated that the altcoin season offers expanding trading opportunities in the market. “The altcoin season has had a strong impact on the markets, and it is clear that this trend will continue,” Thielen said.
Bitcoin price retreated from $99,700 and dropped to $96,000. However, this situation gave momentum to altcoins. Ripple (XRP) 
$3rose to third place in terms of market value, with an increase of 400%. Ethereum 
$3,727 and Solana is expected to take the leadership again in the coming period.
South Korea stands out with its retail investor activities during the altcoin season. While the 24-hour trading volume reaches $34 billion, altcoins such as XRP and HBAR are attracting great interest from South Korean investors.
Expectations are High for XRP and HBAR
XRP’s rise accelerated after the US elections broke a long-term technical formation. Markus Thielen emphasized that the XRP rally was extraordinary and predicted that the trend will continue. XRP, whose market value currently exceeds 150 billion dollars, has become one of the most notable projects of this year.
Altcoins such as HBAR and SHIB are also showing remarkable performance. HBAR maintains investor interest with its strong partnerships and technological developments. While SHIB price increased by 4%, Shiba Inu developer Shytoshi Kusama announced the upcoming SHIFU and TREAT tokens. These developments point to a new increase in SHIB prices.
The market is expected to continue to offer different opportunities due to the impact of the altcoin season. Projects such as XRP, Solana and Shiba Inu look attractive to investors with their strong trends.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
