CoinMarketCap’s Altcoin Season Index Hits Record Low
Since its inception, CoinMarketCap (CMC)’s Altcoin seasonal index has dropped to its lowest level. Compared to Bitcoin, the number of altcoins that provide better performance has dropped significantly.
Altcoin’s all-time high (ATH) market cap (total 2) fell 38%, while $600 billion left the market. Despite this, many analysts remain optimistic.
Only 17 altcoins outperform BTC in the past 90 days
CMC’s Altcoin Seasonal Index provides real-time insights on whether the crypto market is currently in Altcoin Season. The index is based on the performance of the last 90 days relative to Bitcoin’s top 100 altcoins.
This index is 17 at the time of writing. This means that only 17 Altcoins have outperformed Bitcoin in the past three months.
Meanwhile, CZ (CZ), the former CEO of the exchange that owns CMC, shows that an index level of 50 or higher is a positive sign.
“I think it’s a tough ranking system. 50 could be a very good score,” CZ Comment.
Therefore, level 17 is shocking. This is also the lowest point since the introduction of the index.
A separate Altcoin season index for the Blockchain Center is currently 29. The index assumes that if 75% of the top 50 coins outperform Bitcoin in the last 90 days, it is considered the Altcoin season. On March 7, the index even fell to 10, the lowest level since October 2024.
The decline in these indices is consistent with a significant decline in the market value of altcoins. The total altcoin market cap fell 38%, with its ATH falling to $1.64 trillion to $1 trillion.
Despite a sharp drop in decline, analysts remain optimistic
But, cryptocurrency guru of market analysts who have been active since 2016 believes that the recession marks a promising future.
“The Altcoin seasonal index has dropped to its lowest since October 2024. Interestingly, the index was so low last time the altcoin had an impressive rally. While each drop may be a concern for new investors, holders usually see a lot of returns,” cryptocurrency masters said. predict.
Bitcoin investor Coinvo has been active since 2017 and also believes that the current market is volatility Not focusing on repetitions of previous cycles.
Coinvo observed that Altcoin market cap expansion in 2017 and 2021 may repeat in 2025. According to Coinvo’s chart, Altcoin’s market cap could soar to $5 trillion in 2025, which is more than three times the current level.
Additionally, CryptoQuant CEO Ki Young Ju, Provide a redefined perspective In Altcoin season. He believes that the old Altcoin seasonal theory is no longer applicable. Instead, the new Altcoin season will lead capital primarily to stable sales or widely accepted Altcoins instead of smaller speculative tokens.
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