- CMC Altcoin Quarterly chart at 45, showing altcoin dominance.
- Altcoin Season needs 75% of the top altcoins to outperform Bitcoin.
- The market trend is strong for altcoins over Bitcoin for Q4 2024.
CoinMarketCap Index (CMC) Altcoin Season, a vital metric for crypto investors, shows Altcoin Season, despite a slight decrease 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 confirms their dominance in the last quarter of 2024.
Understanding Altcoin Quarterly Index
CMC's Altcoin Season index provides real-time insight 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 like WBTC, stETH, and cLINK. Bitcoin season occurs when less than 25% of altcoins are better than Bitcoin.
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Investors Back Altcoins for the 2025 Presidency
Even though the current Altcoin Season index has fallen from 65 last week, it still indicates a strong trend towards altcoins over Bitcoin. The rise in the altcoin market, reflected by increased trading volume and investor interest, supports this trend.
The annual high of 87 on December 4 shows the strength of altcoins, while Bitcoin is struggling to regain market dominance. Crypto experts say this trend is due to innovation and higher demand in the altcoin ecosystem. Investors remain optimistic and are betting on altcoins like Ethereum and Solana to continue doing well in 2025.
Seasonal Altcoin Index: Revealing Market Trends
In short, the Altcoin Season Index that is updated every day shows a trend where traders and investors pay more attention to altcoins. Although Bitcoin remains the largest cryptocurrency by market cap, its dominance is being challenged by the rise of altcoin activity. This trend highlights the growing desire for diversity in cryptocurrency portfolios and hints at changing market preferences, with altcoins becoming the preferred choice for speculative gains.
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Source: https://coinedition.com/altcoins-shine-as-bitcoins-market-dominance-wanes/
