Altcoins Are Falling Behind Bitcoin
The total value of all altcoins (excluding Bitcoin) has dropped 38% from its highest point. That means about $600 billion has left the altcoin market.
CoinMarketCap’s Altcoin Season Index tracks how many of the top 100 altcoins have done better than Bitcoin over the past 90 days. Right now, only 17 have outperformed Bitcoin. A score of 50 or more is usually a sign of a strong altcoin season, so this low number is concerning.
Another tracker, Blockchain Center’s Altcoin Season Index, tells a similar story. It’s currently at 29 and even dropped to 10 on March 7—the lowest since October 2024.
This Has Happened Before
Even though this looks bad, some experts believe it’s a normal part of the market cycle. Master of Crypto, an analyst in the space since 2016, points out that the last time the index was this low, altcoins bounced back with big gains.
Looking back:
- 2017: Altcoins had a slow start before surging in value.
- 2021: A similar pattern happened before altcoins hit record highs.
Investor Coinvo thinks this cycle will repeat, predicting that the total altcoin market could triple and reach $5 trillion in 2025.4.
A New Type of Altcoin Season?
Some experts think Altcoin Season is changing. Ki Young Ju, CEO of CryptoQuant, believes that instead of people investing in small, risky altcoins, money will go into stablecoins and well-known altcoins with real-world uses.
What’s Next?
Altcoins are struggling right now, but if history repeats, they could make a strong comeback. However, the next altcoin season may focus on trusted projects rather than risky bets. Investors who wait patiently could see big opportunities ahead.
