Has the Altcoin Season Arrived? The Analysis Company Responds with Two Metrics

The cryptocurrency analysis firm Alphractal believes that the altcoin market may enter a strong bullish wave in the near future. The company has highlighted two key indicators to assess this potential: the dominance of altcoins excluding stablecoins and the dominance of altcoins excluding stablecoins with Ethereum.

According to Alphractal's analysis, the dominance of altcoins, excluding stablecoins, has historically found strong support at around 25%. This ratio often indicates periods when altcoins significantly lose value during times when Bitcoin and stablecoins dominate the market. However, analysts believe that the periods when this dominance ratio fluctuates between 24% and 25.3% will be followed by altcoin seasons, typically lasting several weeks.

When Ethereum is excluded, the picture changes slightly. Note that Ethereum plays an important role in the dominance of altcoins, Alphractal states that the historical support level for this metric is around 18%. The fact that it has only dropped below this level a few times in the past coincides with periods when Bitcoin rapidly lost market share to altcoins. The firm also acknowledges that these support levels do not guarantee the upcoming altcoin season.