PANews reported on December 1 that 10x Research pointed out in its market analysis that the cryptocurrency market capitalization has soared to $3.43 trillion, while Bitcoin's dominance has fallen from 60% to 56%. A higher overall market capitalization coupled with declining Bitcoin dominance is often seen as a sign of altcoin season. In cryptocurrencies, market theories tend to be self-fulfilling as beliefs drive momentum. Since November 17, Solana (SOL) has remained relatively stable while other large-cap altcoins have outperformed. Ethereum (ETH) rose nearly +18%, and Ripple (XRP) soared +70%. The market capitalization gap between Solana and Ripple is now only $6 billion, which means that a "turnaround" could occur in a few days, and Ripple could become the third most valuable cryptocurrency.