Bitcoin Dominance Is Breaking Down, But Don’t Expect an “Altseason”

Bitcoin’s price action over the past few weeks has not been impressive by the standards of altcoins. While BTC has stagnated in the low-$9,000s, certain cryptocurrencies have literally gone parabolic. No coin shows this trend as well as Chainlink (LINK), which is now one of the top-10 cryptocurrencies. The popular altcoin, one of the most popular on Crypto Twitter by far, is up by around 400-500% since the lows of March. And it’s up by thousands of percent since the December 2018 lows. This recent price action...