Chainlink Leads Cryptocurrency Rotation as Bitcoin Dominance Remains Strong

The cryptocurrency market experienced rotation across its majors last week. Chainlink led the pack with a 13.7% gain, followed closely by Monero at 5.0%. In contrast, Cardano and Uniswap took significant hits, falling 10.0% and 18.5%, respectively.

Meanwhile, Bitcoin's dominance in the market remains strong, holding 56.14% of the $2.252 trillion total value. Ethereum came in second with a 10.08% share, leaving just over a third of the market spread across other assets.

The rise and fall of these cryptocurrencies raises questions about whether we're seeing an altcoin season. However, experts say that true altcoin season requires most large coins to outperform Bitcoin together, not just one or two.