The Altcoin Season Index,$XRP $AVAX $AVA tracked by CoinMarketCap, reached 60 on November 28. While slightly down from its previous reading of 61, the market remains firmly in an altcoin season, with the top 100 coins generally outperforming Bitcoin. However, Bitcoin’s current rally, fueled by institutional demand and ETFs, could reduce liquidity for smaller altcoins, making it difficult for them to reach new highs.

Market analysts say altcoin season will continue if 75% of these assets outperform Bitcoin over the past 90 days. This metric excludes stablecoins and wrapped tokens, giving a clearer picture of overall market performance. The Altcoin Season Index, updated daily by CoinMarketCap (CMC), shows the changing relationship between Bitcoin and altcoins. This trend often signals a change in market cycles as retail investors turn their attention to alternative tokens.

The Altcoin Market Cap has currently broken out of an ascending triangle, signaling a potential bull run. Experts predict that the full force of the altcoin season will arrive in December 2024 and March 2025.