Cryptocurrency has been a trending topic since Bitcoin, a decentralized digital asset that is not controlled by any government, was created. As the potential of cryptocurrency started to gain more recognition, the market has become more expansive with a variety of altcoins joining the game. As the crypto space is becoming increasingly populated, prominent crypto trader and founder of venture capital firm Mechanism Cap, Andrew Kang, has weighed in on the current situation and possibility of an altcoin season.

Kang's BTC dominance chart shows that the indicator has reached a strong level of resistance at current levels around 47.8%. This metric has gone higher to reach 47.8% only once in the past six times and that was back in 2018. However, the investor suggests that if such a season is to ensue, it would be seen only among the best ones within the altcoin market. He has named Ethereum, Dogecoin and Arbitrum as being the top bets at the moment.

Dogecoin and Arbitrum have gained a lot of attention recently and are the two most discussed altcoins currently in the crypto world. This further strengthens Kang's reasoning that the rally in these two, if it is to happen, would be due to the influx of liquidity and strong momentum that these coins have been gaining. It is clear that the market's focus is on DOGE and ARB, as it can be seen with the high participation levels of investors and traders in these assets in recent months.

However, it is important to note that the success of cryptocurrency and altcoin season, or in any market for that matter, depends greatly on investors making smart and well-calculated decisions. The level of attention and enthusiasm can lead to conditions where the chances of losses are higher, investors should, thus, take care of their investments and be mindful of the potential risks.



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