The key narratives in the crypto space are gaining momentum, and an altcoin season may be approaching. Among them, AI tokens and meme coins have become the focus, accounting for 50.4% of the narrative share, reflecting a shift in investor attention.
This trend echoes the rise in market capitalization of altcoins, which has now reached $837 billion, the highest level since early 2022. Although altcoins are still 35% lower than their peak, they are expected to see significant growth as capital flows from BTC and ETH to emerging opportunities.
Meme and AI dominate narrative thinking, and the emergence of strong narratives often indicates the activation of the altcoin market. When unique themes gain attention, they attract people's focus and capital away from major currencies like BTC and ETH.
Total market capitalization of cryptocurrencies (excluding BTC and ETH)
Currently, AI coins and meme coins are leading in the cryptocurrency space, accounting for 50.4% of the narrative share. This reflects the continued rise in attention to related themes, laying a solid foundation for the broader development momentum of altcoin season.
In terms of narrative attention, AI coins lead with 27.76% narrative share, while meme coins lag slightly behind at 22.64%, highlighting growing user interest in specific categories. As these two narratives become increasingly popular, capital could flow into altcoins, potentially weakening the dominance of BTC and ETH, benefiting the entire altcoin market.
Altcoins are expected to see a 35% increase. Currently, the market capitalization of cryptocurrencies, excluding BTC and ETH, has reached $837 billion, the highest value since early 2022, reflecting a revival of interest in altcoins. Despite this growth, this figure is still far from the peak of $1.13 trillion on November 1, 2021, highlighting the potential for further recovery.
In terms of the total market capitalization of cryptocurrencies (excluding BTC and ETH), compared to the broader cryptocurrency space, the altcoin market is currently 35% lower than its historical peak, suggesting it remains undervalued. This gap indicates that as investors shift funds from BTC and ETH to alternative currencies, the altcoin market may experience a significant uptick.
Due to the increasing interest in new opportunities, altcoins may experience significant growth in the coming weeks, triggering a new round of altcoin season in this cycle.
