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**Bitcoin dominance declines, is the altcoin season coming? **
On **November 15**, although Bitcoin (BTC) dominance was close to **65%**, it failed to retest the key price of **93,000 US dollars**, and the market focus began to shift to altcoins. Does this change foreshadow the full arrival of the altcoin season?
1. **Market Dynamics**
- **BTC dominance**: The recent decline from **65%** to **60%** shows that market funds are beginning to flow to altcoins.
- **Price Stagnation**: Bitcoin has failed to break through its historical highs, which may prompt investors to look for other growth opportunities.
2. **Altcoin Seasonal Index**
- The index rose from **33** to **39**, indicating that more altcoins are outperforming Bitcoin and the market is shifting to the altcoin stage.
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**Outstanding Altcoins: XRP, DOGE, and BONK**
**1. Ripple (XRP)**
- **Up**: Up **100.6%**, benefiting from continued legal victories and market enthusiasm.
- **Performance advantage**: As a representative of large-cap altcoins, XRP has demonstrated good risk resistance.
**2. Dogecoin (DOGE)**
- **Up**: Up more than **114.5%**, driven by increased trading volume and community activities.
- **Market influence**: DOGE's price increase not only shows its memecoin charm, but also marks the market's preference for highly liquid assets.
**3. Bonk (BONK)**
- **Up**: Up **127.3%**, surpassing other popular tokens, demonstrating the potential of memecoin in attracting speculative interest.
- **Market positioning**: Based on high volatility and community support, BONK has become an important target for investors chasing short-term gains.
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### **Drivers of the Altcoin Season**
1. **Fund Rotation**
- As Bitcoin's growth stagnates, investors turn funds to altcoins with lower valuations but great potential.
- The altcoin season is characterized by an increased market preference for high-risk, high-return assets.
2. **Community and Speculation Driven**
- Memecoins like DOGE and BONK have reignited market attention with community enthusiasm.
- Ripple's legal progress has injected confidence into the market.
Paying attention to the altcoin rotation effect and guarding against speculative risks will be the key to investors' success.
