💥🌡️ BTC or Altcoins: Who's turn is it?🚀
👍 If you usually interact with cryptocurrency traders, it may seem like the altcoin season is always just around the corner. Will 2025 be the year when altcoins become the center of attention? Let's analyze the factors driving this anticipation.
📊 Key Indicators of Altcoin Momentum:/q
🟠 Altcoin Season Index: measures how many altcoins are outperforming Bitcoin. Currently, it stands around 25/100 (after a brief peak in the 80 range at the end of 2024). Historically, values above ~60-75 often coincide with true altcoin cycles.
🟠 Bitcoin Dominance: this is the percentage of BTC dominance. A drop (especially below ~50-55%) usually precedes strong altcoin phases.
🟠 TOTAL3 (market capitalization of altcoins excluding ETH): Recently, it began to replicate Bitcoin's chart and reached 830 billion dollars on May 1st. Additionally, the total cryptocurrency market capitalization has once again surpassed 3 trillion dollars.
🟠 Sentiment and news: these are indirect indicators like the Cryptocurrency Fear and Greed Index or social surveys. An upward Fear and Greed Index (more greed) can amplify rallies, and since mid-April, it has been on a constant rise. Surveys also show that many traders remain optimistic about a sudden increase in altcoins.
👉In conclusion, declaring the arrival of the 2025 altcoin season is premature, but these factors are gradually accumulating.
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👍 Altcoin season is on fire! I'm ready!
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