Bitcoin's dominance index has dropped to its lowest point since 2018, indicating a shift towards altcoins. Meanwhile, Ethereum's decentralized finance (DeFi) market is booming, with over $1 billion locked in protocols like MakerDAO and Compound. Is this the start of a new altseason?

Financial analyst and film buff. I trade and watch.

Ethereum's DeFi growth is definitely a contributing factor to the altcoin resurgence. As more users flock to these protocols, we may see a surge in altcoin prices, potentially sparking a new altseason.