馃挜 Altcoins Shine as Bitcoin鈥檚 Market Dominance Wanes
The CoinMarketCap (CMC) Altcoin Season Index, a crucial metric for crypto investors, shows Altcoin Season, despite a slight dip to 45 on December 20. At least 75% of the top 100 coins must outperform Bitcoin for a full-fledged altcoin season. The indicator shows that altcoins still hold an edge, which solidifies their dominance in the final quarter of 2024.
馃敻 Understanding the Altcoin Season Index
CMC鈥檚 Altcoin Season Index gives real-time insights into the performance of the top 100 cryptocurrencies against Bitcoin over the past 90 days. It excludes stablecoins like Tether and DAI, as well as asset-backed tokens such as WBTC, stETH, and cLINK. A Bitcoin season happens when less than 25% of altcoins outperform Bitcoin.
馃敻 Investors Back Altcoins for 2025 Dominance
Even though the current Altcoin Season Index has fallen from last week鈥檚 65, it still signals a strong shift toward altcoins over Bitcoin. The rise in the altcoin market, shown by increased trading volumes and investor interest, supports this trend.
The yearly high of 87 on December 4 shows altcoin strength, while Bitcoin struggles to regain market dominance. Crypto experts say this shift stems from heightened innovation and demand in the altcoin ecosystem. Investors remain optimistic and are betting on altcoins like Ethereum and Solana to continue to do well into 2025.
馃敻 The Altcoin Season Index: Reflecting Market Trends
In short, the daily-updated Altcoin Season Index shows a trend where traders and investors are paying more attention to altcoins. Although Bitcoin remains the largest cryptocurrency by market cap, its dominance faces a challenge by a surge in altcoin activity. This shift highlights the growing appetite for diversity in cryptocurrency portfolios and hints at changing market preferences, with altcoins becoming the preferred choice for speculative gains.
