🚀 Altcoin Season in July: Reality or Hype?
Crypto Twitter and Telegram are buzzing with rumors that July will spark an Altcoin Season. Let’s separate hype from facts:
📊 Current Market Data:
Altcoin Season Index (CryptoRank): 31/100 — ✅ Still Bitcoin Season.
Index (AInvest) as of July 7: 27 — Again, Bitcoin dominates.
Simply put: Altcoins aren’t beating Bitcoin yet.
🔥 Analysts’ Take: Preparation, Not Lift-off Yet
Michael van de Poppe notes altseason indexes usually bottom in June and rise later, but we’re still “prepping.”
Coinpedia reports altcoin market cap (ex-top 10) at $1.16T, ~24% below peak.
Only 29% of altcoins outperform Bitcoin recently.
✅ What Traders Should Know:
Bitcoin Season is still here — money flows into BTC.
A few altcoins (like SYRUP, PENGU, HYPE) are doing well, but they’re exceptions.
True altseason needs index above 75 (now only ~30).
🧠 Key Metrics to Watch:
Index above 50 = early signal.
Bitcoin dominance below 60% = strong shift sign.
Rising altcoin market cap = growing demand.
💬 Bottom Line:
Plenty of altseason rumors, but on-chain data doesn’t confirm it yet.
Smart move: Watch carefully, wait for strong signals before acting.
📌 What’s your take? Already buying altcoins or waiting? Share below!