According to recent data, the total altcoin market cap stands at $1.16 trillion, down by 23.63% from the beginning of the year. However, analyst Michael van de Poppe suggests that altcoins may be poised for a significant breakout.
Overview of the Altcoin Market
At the start of 2025, the altcoin market cap was approximately $1.34 trillion, reaching a peak of $1.51 trillion on January 17. Since then, the market has declined by 42.12% as of April 8, before recovering by 43.6% between April 9 and May 13. Since May 8, the market has moved sideways, ranging between $1.01 trillion and $1.26 trillion, indicating consolidation ahead of potential movements.
Altcoin Season Index
The Altcoin Season Index helps determine whether it is currently Altcoin season or Bitcoin season. According to the index: * **Altcoin season** = 75% of the top 100 coins outperform Bitcoin over the last 90 days. * **Bitcoin season** = 25% or fewer coins outperform Bitcoin. Currently, only 29 out of the top 100 coins have outperformed Bitcoin over the last 30 days, confirming we are in a Bitcoin season.
Michael van de Poppe's Insights on Altcoin Future
In a recent post on X, Michael van de Poppe pointed out that the Altcoin Season Index typically bottoms out in June, historically signaling strong altcoin performance in the second half of the year. > "We’re still in the middle of the crypto bull market, and with Quantitative Easing expected to ease, the macro environment looks favorable for altcoins to rally again," Poppe explained.
The altcoin market capitalization remains under pressure, yet analyst Michael van de Poppe maintains that the future of altcoin seasons could bring significant growth, especially considering historical trends and the current macroeconomic context.
