Recently, the altcoin market has drawn analysts' attention, particularly Michael van de Poppe, who expects a 76% rise in the coming months based on economic conditions and historical data.
What Does the Altcoin Season Index Indicate?
The Altcoin Season Index measures the market condition based on whether the top 100 cryptocurrencies have outperformed Bitcoin over the past 90 days. A value of 75 or more indicates an altcoin season, while a value of 25 or less indicates Bitcoin dominance. Currently, the level at 29 shows that Bitcoin has outperformed, rallying by 36.65% in the same timeframe.
Expectations in Light of Historical Trends
The total market value of altcoins started at $1.34 trillion on January 1, 2025, growing to $1.51 trillion by January 17, and then dropping to $877 billion by April 8. From April 9 to May 13, it rebounded by 43.6%. Historical data shows that the index typically dips in June and strengthens in the latter half of the year.
Performance of Selected Altcoins
Despite Bitcoin's dominance, certain altcoins have surged significantly: SYRUP increased by 451.69%, PENGU by 268.71%, HYPE by 233.70%, VIRTUAL by 230.65%, SPX by 193.91%, WIF by 154.32%, and AAVE by 115.40% over the month. These figures suggest a risk appetite among investors actively seeking opportunities.
Given the current indicators and anticipated market development, altcoins may enter a growth phase if global liquidity conditions remain favorable.
