Bitcoin's performance against the rest of the cryptocurrency market assets has deepened over the past few days. This lagging performance has caused the crypto world to enter an altcoin season that is becoming more and more pronounced. Is a bull run coming among altcoins?

According to data from Blockchaincenter.net 's index , altcoin season started a few days ago when BTC started losing ground. Altseason is determined by the performance of the top digital currencies in market capitalization in contrast to BTC. Basically, if 75% or more of these tokens outperform Bitcoin in 90 days, then an altcoin season is in effect.

On the other hand, if only 25% (or less) of these assets outperform, then we can talk about a Bitcoin season. For most of November, the index remained neutral, i.e. above 25%, but below 75%. As far as 2024 is concerned, neutrality was also the constant.

However, there were short periods. At the beginning of the year, the first altcoin season took place between January 14 and 29. Then, on March 6, the 75% mark was exceeded again, but only for one day. On the other hand, between June 6 and September 5 (with a break in mid-July), there was a Bitcoin season.

The altcoin season seems to have decisive force

As you can see in the image above, there were two episodes of altcoin season this year . However, they were inconsistent, which led to them being short-lived. Meanwhile, the current momentum for altcoins looks solid and is expressed by a formidable 90%.

Another element that shows BTC's lag compared to altcoins is shown in dominance. Since reaching the recent peak in this area on November 21 until now, Bitcoin has lost 10.67% of its dominance compared to the rest of the tokens.

To get an idea of the magnitude of this performance differential, suffice it to say that Bitcoin has a +81.9% performance in 3 months. Although this is a formidable performance, it remains below the momentum of 90% of the main altcoins. Here, outstanding cases such as HBAR and its 600% in that period stand out. XLM exhibits 502% and XRP 410%. As can be seen, for altcoin investors this season that has just begun seems promising.

There are still coins that are not taking off, such as Cronos' CRO, which makes them potential targets for investors. KAS, BNB and others can also be mentioned in this group.