#AltcoinSeasonLoading Altcoin season is not officially here yet, but there are indications it might be approaching soon. Here's the current state:
- *Altcoin Season Index*: According to Blockchain Center, the index stands at 33, indicating it's still Bitcoin season. For it to be considered altcoin season, 75% of the top 50 coins need to outperform Bitcoin over the past 90 days. Currently, only 22 out of 50 top altcoins are doing better than Bitcoin.
- *Market Trends*: The crypto market cap has hit $3 trillion, and Bitcoin dominance is around 64.43%, suggesting that while Bitcoin may still have room to grow, altcoins could soon surge.
- *Expert Predictions*: Some analysts believe altcoin season could start soon, possibly within the next week or two, driven by factors like increased liquidity and macroeconomic shifts. Others predict a strong altcoin season between January and May 2025, with Ethereum potentially outperforming Bitcoin.¹ ²
- *Key Indicators*: To gauge whether it's altcoin season, keep an eye on:
- *Bitcoin Dominance*: When it reaches around 70%, it might signal Bitcoin's peak and altcoins' surge.
- *M2 Money Supply*: An increase in money supply can lead to higher crypto prices.
- *Altcoin Performance*: Monitor the top 100 altcoins' performance relative to Bitcoin over 90 days.
Keep in mind that the crypto market is highly volatile, and predictions are subject to change. Stay updated with the latest market trends and analysis to make informed decisions.
