‘Altcoin season’ may be approaching.

“Altcoin season” refers to altcoins gaining momentum that could challenge Bitcoin’s dominance, with one or more altcoins eventually surpassing Bitcoin. Ron Levy, co-founder and CEO of The Crypto Company says this “flippening” is inevitable. Bitcoin is one cryptocurrency that has a strong use case, but there is a plethora of altcoins that offer so many different purposes. “It’s not just Ethereum; now it’s many thousands (of altcoins) that are coming,” he says. Levy cites DeFi, gaming and the metaverse as opportunities that will allow altcoins to continue to gain market cap.