Altcoin Season is Ready to Roll
Altcoin Season seems to be arriving soon as the main narrative continues to gain strength in the crypto scene. AI-based tokens and meme coins took center stage, dominating 50.4% of the market narrative while indicating a shift in investor focus.
This trend is reinforced by the rising market capitalization of altcoins, now at US$837 billion—the highest level since the start of 2022. However, altcoins are still 35% below their peak. These conditions provide significant growth opportunities as capital shifts from BTC and ETH to promising new assets.
The emergence of a strong narrative often marks the start of an altseason. When certain themes capture attention, this drives attention and capital away from major players such as BTC and ETH.
Currently, AI tokens and meme coins are dominating, accounting for 50.4% of the narrative mindshare in the crypto sector. This reflects a growing shift in focus towards this theme, paving the way for the season's broader altcoin momentum.
AI token leads with 27.76% while meme coin follows at 22.64%. This reflects increasing user interest in certain categories.
In turn, this could dim the dominance of BTC as well as ETH.
In line with increasing interest in new opportunities, altcoins could witness substantial growth in the coming weeks, triggering a new altcoin season for this cycle.