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Altcoin season index

Where to buy the most traded cryptocurrencies? Track altcoins with the highest liquidity and trading volumes on Bitget.

The Bitget altcoin season index page offers real-time insights into whether the cryptocurrency market is in altcoin season. Explore detailed charts and metrics to track market trends and altcoin dominance.

Current altcoin season index:

Not altcoin season - 43

In the past 90 days, only 43 of the top 100 cryptocurrencies by market value have outperformed Bitcoin, indicating that the cryptocurrency market is not in altcoin season.

43
Bitcoin seasonAltcoin season

Altcoin season index chart

Historical values

YesterdayNot altcoin season - 41
7 days agoNot altcoin season - 51
30 days agoNot altcoin season - 67

Yearly high and low

Yearly highAltcoin season - 87
2024-12-03
Yearly lowBitcoin season - 13
2024-09-02
Last updated

Performance of top 100 altcoins over the last 90 days

5342.05%
483.43%
423.15%
334.19%
323.90%
226.15%
207.30%
187.74%
184.14%
174.91%
172.35%
159.18%
150.01%
135.01%
124.91%
101.47%
95.88%
95.17%
94.27%
91.80%
86.80%
84.64%
80.02%
77.70%
77.13%
76.16%
73.29%
72.41%
71.64%
67.43%
64.79%
64.12%
61.13%
61.04%
58.35%
57.72%
56.67%
54.87%
52.66%
51.61%
50.06%
49.09%
47.28%
47.26%
42.06%
41.44%
41.31%
40.27%
39.23%
37.53%
34.95%
34.68%
33.33%
32.59%
32.51%
32.42%
31.59%
29.18%
28.85%
28.72%
28.19%
28.16%
27.78%
25.72%
24.75%
22.67%
20.50%
19.37%
18.17%
16.29%
14.14%
13.55%
12.62%
12.15%
10.59%
10.55%
9.02%
6.67%
6.66%
6.30%
4.77%
3.90%
1.28%
0.95%
2.83%
3.03%
8.12%
8.93%
15.18%
15.77%
16.36%
17.17%
17.47%
20.95%
27.21%
30.32%
44.76%
View all coin price details

About the altcoin season index

What is the altcoin season index?

The altcoin season index is a tool that measures how altcoins (cryptocurrencies other than Bitcoin) perform compared to Bitcoin. It uses historical price data and market trends to determine whether the market focus is shifting toward altcoins or primarily remains on Bitcoin.

How can I recognize altcoin season?

Altcoin season is typically identified when a significant majority of the top-performing cryptocurrencies over a specific period (such as 90 days) are altcoins instead of Bitcoin. The altcoin season index compiles this data, showing a higher score when altcoins outperform Bitcoin and a lower score when Bitcoin is more dominant.

How can I use the altcoin season index?

The altcoin season index helps traders and investors in various ways:

- Identifying shifts in market sentiment toward altcoins.

- Timing market entries or exits based on altcoin performance.

- Adjusting portfolio diversification in response to changing market conditions.

What constitutes the altcoin market?

The altcoin market includes all cryptocurrencies except Bitcoin. It encompasses well-established coins like Ethereum, popular tokens in decentralized finance (DeFi), and emerging projects. The term "altcoin market" often refers to the overall investor interest and trading activity in these alternative cryptocurrencies.

Which altcoins are notable?

Ethereum is one of the most notable altcoins due to its smart contract functionality and strong developer community. Other significant altcoins include Binance Coin (BNB), Solana (SOL), and Cardano (ADA), each of which boasts a substantial user base and unique applications.

What altcoins are featured in the index? Is Ethereum considered an altcoin?

The altcoin season index typically includes leading altcoins based on market capitalization and trading volume, such as Ethereum, XRP, Litecoin, and Cardano. Yes, Ethereum is considered an altcoin because it is not Bitcoin; it was developed independently with its own blockchain and focuses on smart contracts.

What is the methodology behind the index?

The methodology for the altcoin season index typically involves:

- Selecting a group of altcoins based on their market capitalization and trading volume.

- Comparing the performance of these altcoins to Bitcoin over a specified period (typically 90 days).

- Compiling this data into a single index value, which indicates whether the current market climate is more aligned with "Bitcoin season" or "altcoin season".

Altcoin season index articles

12560603821030
Bitcoin Dips Below $98K as Strong U.S. Economic Data Leads to $300M of Crypto Liquidations
Crypto markets stumbled with BTC losing the $100,000 level on Tuesday U.S. morning as two stronger-than-expected U.S. economic data prints threw cold water on digital assets' bright early-year momentum. The Bureau of Labor Statistics' JOLTS job openings for Novemberunexpectedly rose to 8.1 million from 7.8 million the previous month, easily topping analyst estimates for a decline to 7.7 million. Released at the same time, the ISM Services Purchasing Managers Index, a monthly gauge of the level of economic activity in the services sector, came in at 54.1 for December, overshooting expectations for 53.3 and nicely ahead of November's 52.1. The Prices Paid subindex came in red-hot at 64.4, compared to the expected 57.5 and 58.2 in the previous month. While neither report generally tends to be much of a market mover, combined they further shook up an already jittery bond market, sending the 10-year U.S. Treasury yield higher by another five basis points to 4.68% and within a few ticks of multi-year highs. The move took U.S. stocks lower, with the Nasdaq now off by more than 1% in late morning action and the SP 500 lower by 0.4%. BTC, which traded just below $101,000 through European afternoon hours, dipped to $97,800 following the data, giving up yesterday's gains and down 4% over the past 24 hours. Altcoin majors declined even more with Ethereum's ether (ETH) and Solana's SOL losing 6%-7%, while Avalanche's AVAX and Chainlink's LINK tumbled 8%-9%. The swift decline in prices liquidated nearly $300 million long positions across derivatives markets betting on rising prices, according to CoinGlass, marking the first large leverage flush of the year. The strong data also has investors further rolling back their expectations of rate cuts in 2025. While market participants had already written off any chance of a rate cut at the Fed's January meeting, they now see just a 37% chance of an easing move at the central bank's March meeting, down from nearly 50% just a week ago, according to the CME FedWatch tool. Looking out even further, the odds of a rate cut in May are also now well below 50%. Scanning all of 2025, Ballinger Group's Kyle Chapman noted investors are now only pricing in roughly only one 25 basis point rate cut for the entire year. Source: CoinDesk Futures Market Updates A short-lived $100K BTC ride led to over $300M in long liquidations. Bitcoin Futures Updates Total BTC Open Interest: $62.97B (-3.46%) BTC Volume (24H): $120.33B (+42.92%) BTC Liquidations (24H): $98.75M (Long)/$12.89M (Short) Long/Short Ratio: 48.57%/51.43% Funding Rate: 0.0081% Ether Futures Updates Total ETH Open Interest: $30.58B (-4.85%) ETH Volume (24H): $67.32B (+90.85%) ETH Liquidations (24H): $122.44M (Long)/$14.56M (Short) Long/Short Ratio: 47.43%/52.57% Funding Rate: 0.0041% Top 3 OI Surges COOKIE: $9.76M (+2,098.82%) ALCH: $15.12M (+341.06%) G: $20.13M (+250.26%)
Bitget Academy2025-01-08 06:36
12560603819716
Avalanche and Chainlink Lead Altcoin Rally Despite Bitcoin Drop
Bitcoin briefly surged to $102,500 on Thursday after President-elect Donald Trump reaffirmed his pro-crypto stance, pledging to embrace digital assets and create a strategic Bitcoin reserve. This optimism coincided with the European Central Bank (ECB) cutting interest rates by 25 basis points and signaling potential further reductions. However, a bond market sell-off dampened risk appetite, causing Bitcoin to retreat below $100,000, settling at $99,800 by late afternoon. While Bitcoin faced pressure, altcoins outperformed. Avalanche’s AVAX and Chainlink’s LINK gained 9% and 13%, respectively. AVAX’s rally followed a $250 million token investment led by major crypto firms, while LINK saw demand from Trump-associated DeFi project World Liberty Financial, which added $1 million worth of tokens. Ethereum (ETH) also edged higher, up 1.5% for the day, buoyed by strong spot ETF inflows and increased blockchain activity, positioning it to target a new high above $5,000. Broader markets mirrored Bitcoin’s decline, with the Nasdaq and S&P 500 closing lower, and gold dropping 1.8% to $2,706 per ounce. The bond market turmoil contributed to these sell-offs, with rising yields in Germany and the U.S. amplifying investor caution. Source: CoinDesk Futures Market Updates In the past 24 hours, ETH futures experienced more significant growth in both open interest (+3.70%) and trading volume (+19.45%) compared to BTC futures, which saw smaller increases of +0.95% and +1.87%, respectively. BTC futures exhibited a slight preference for long positions (50.24%/49.76%), whereas ETH futures showed a marginal tilt toward short positions (49.80%/50.20%). Liquidations were higher for BTC longs ($42.46M) than ETH longs ($26.37M), though ETH short liquidations ($19.41M) surpassed BTC’s ($15.47M). The funding rate for BTC futures (0.0103%) remained marginally higher than ETH’s (0.0090%), reflecting greater bullish sentiment for BTC. Overall, ETH futures showed more dynamic activity, with increased volume and liquidations across both positions. BTC Futures Updates Total BTC Open Interest: $62.57B (+0.95%) BTC Volume (24H): $89.58B (+1.87%) BTC Liquidations (24H): $42.46M (Long)/$15.47M (Short) Long/Short Ratio: 50.24%/49.76% Funding Rate: 0.0103% Ether Futures Updates Total ETH Open Interest: $27.22B (+3.70%) ETH Volume (24H): $53.74B (+19.45%) ETH Liquidations (24H): $26.37M (Long)/$19.41M (Short) Long/Short Ratio: 49.80%/50.20% Funding Rate: 0.0090% Top 3 OI Surges COW: $46.74M (+178.84%) FTN: $4.54M (+86.51%) XVG: $61.79M (+79.29%)
Bitget Academy2024-12-13 05:31
12560603819319
Why Is XRP Skyrocketing?
Altcoin season is here! In just under a month, XRP has erased the losses of the past three and a half years, surging by over 400% to reach levels not seen since 2018. This November, it wasn't Bitcoin (BTC), Solana (SOL), or even the frenzy of meme coins that took center stage, but Ripple (XRP) stood out on its own, with a sharp and significant price rise that sent the market into a frenzy. Source: Bitget Now it's time to take a closer look at why XRP's price rose so quickly and what might come next for XRP. Factors Contributing to XRP's Surge XRP's rapid price rise is mainly due to positive news and growing enthusiasm from investors. Here are the three key reasons: 1 - Progress in the SEC Lawsuit The prolonged lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has long been a major drag on XRP’s price. However, in November 2024, there was a surprising twist. The United States Court of Appeals for the Second Circuit ordered the SEC to submit its lawsuit brief by January 15, 2025. Shortly after, Judge Phyllis Hamilton approved a final ruling on the resolved Ripple class-action lawsuit and paused other pending lawsuits, allowing trials to begin by January 21, 2025. On top of that, current SEC Chair Gary Gensler hinted that he might resign around the time of Trump's return to power, which further boosted XRP's price. These updates showed that Ripple might have a legal advantage, which boosted investor confidence. 2 - Expansion of Institutional Partnerships Ripple has also been expanding its industry partnerships. In October, Ripple appointed Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish as trading partners for its upcoming Ripple USD (RLUSD) stablecoin, with liquidity support from B2C2 and Keyrock. Additionally, MoonPay, a crypto payments company, partnered with Ripple to let users buy, store, and manage XRP through their MoonPay accounts. In late November, Ripple also announced partnerships with Archax and UK asset manager ABRDN PLC, with plans to launch the first tokenized money market fund on the XRP Ledger. 3 - Stablecoin Launch As a crypto payments company, Ripple is planning to expand into the stablecoin market. In mid-November, Ripple announced the launch of Ripple USD (RLUSD), a stablecoin focused on corporate use cases. RLUSD aims to provide stability, efficiency, and transparency, enhancing Ripple's cross-border payment solutions and meeting the increasing demand for USD-based transactions, with a potential launch in December. Moreover, multiple sources have suggested that an XRP ETF could be next in line after Bitcoin and Ethereum ETFs. At the end of November, Fox Business reported that global ETF provider WisdomTree registered an XRP ETF in Delaware, and the company confirmed the filing. WisdomTree currently manages over $100 billion in assets. Nate Geraci, President of The ETF Store, also mentioned that Bitwise, Canary, and 21 Shares have already submitted applications for XRP ETFs, with more issuers expected to join. The Future of XRP From a technical perspective, XRP faces significant short-term selling pressure, especially since its recent price trend closely resembles the parabolic movement seen in 2017. Back then, XRP/USD broke out of a years-long symmetrical triangle, surging from below $0.01 to nearly $3.55, its all-time high. In 2024, after consolidating within a similar triangle for over three years, XRP seems to be making a comparable breakout. XRP/USD Monthly Price Chart. Source: TradingView Even though XRP faces technical resistance in the short term, its market cap briefly returned to pre-SEC lawsuit levels. The market seems optimistic as this six-year legal saga, which started in 2018, is nearing its conclusion. The future for Ripple and XRP looks increasingly positive. Earlier, Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, suggested that Ripple should prepare for an IPO once the SEC issue is resolved. SBI Holdings has been working with Ripple since 2017 to promote global payment innovation. Kitao, who joined Ripple's board in 2019, has been a key supporter of Ripple and XRP, predicting it would become a global standard for digital currencies due to its efficiency, low costs, and scalability. Although Ripple CEO Brad Garlinghouse previously dismissed similar suggestions, an IPO could still be a possibility for Ripple's future. As the regulatory environment for cryptocurrencies continues to improve, more "crypto concept stocks" may enter the U.S. markets, potentially driving another growth wave for Ripple and XRP. Trade XRP on Bitget today! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
Bitget Academy2024-12-05 09:20

Types of altcoins

Altcoins differ in functionality and consensus mechanisms, and they can fall into more than one category depending on these variations. Here's a quick guide to some of the most important categories:
Mining-based altcoinsMining-based altcoins are cryptocurrencies that rely on a mining process to validate and add transactions to their blockchains. Mining can be done using a Proof-of-Work (PoW) consensus mechanism, depending on the altcoin's design. Examples of popular mining-based altcoins include Bitcoin, Litecoin, and Monero.
Public chain coinsPublic chain coins are native tokens used to support and operate blockchain platforms like Ethereum (ETH), Solana (SOL), and Avalanche (AVAX). These tokens are primarily used for transaction fees on the network, executing smart contracts, and participating in network governance.
StablecoinsStablecoins closely track the value of fiat currencies like the U.S. dollar or euro. They allow users to transfer value quickly and cost-effectively while maintaining price stability.
Utility tokensUtility tokens provide access to products or services within a specific blockchain platform or decentralized application (DApp). For example, users may need to acquire utility tokens to obtain storage space on decentralized cloud platforms or to participate in decentralized finance (DeFi) services.
Security tokensSecurity tokens are blockchain-based digital assets that share similarities with traditional securities. They may offer equity in the form of ownership, dividend payouts, or bonds. Security tokens are typically launched through Security Token Offerings (STOs) or Initial Exchange Offerings (IEOs).
MemecoinsMemecoins are cryptocurrencies that gain popularity primarily through viral internet memes and social media. They often lack significant utility or underlying value beyond community-driven hype. Notable examples include DOGE, SHIB, PEPE, and GOAT.

Newly listed altcoins on Bitget

NameLast priceChange24h volumeListing dateTrade
SONIC
SONIC/USDT
0.779373
-11.81%
111.04M
2025-01-07Trade
CATGOLD
CATGOLD/USDT
0.001432
+258.00%
3.13M
2025-01-09Trade
D
D/USDT
0.19119
+855.95%
2.35M
2025-01-09Trade
U2U
U2U/USDT
0.008869
-8.67%
104.22K
2025-01-08Trade
XTER
XTER/USDT
0.3348
-17.35%
15.34M
2025-01-08Trade
BUZZ
BUZZ/USDT
0.086
-31.81%
8.17M
2025-01-08Trade
HIVE
HIVE/USDT
0.5103
-9.95%
444.70K
2025-01-07Trade
MTOS
MTOS/USDT
0.01
-23.07%
172.19K
2025-01-06Trade
AI16Z
AI16Z/USDT
1.4275
-16.93%
6.57M
2025-01-04Trade
BIO
BIO/USDT
0.527
-8.42%
26.86M
2025-01-03Trade
SWARMS
SWARMS/USDT
0.28692
-8.22%
24.03M
2025-01-02Trade
ZEREBRO
ZEREBRO/USDT
0.313
-15.86%
1.87M
2024-12-31Trade
BLUE
BLUE/USDT
0.388
-2.95%
367.65K
2024-12-31Trade
OGC
OGC/USDT
0.0031
-18.42%
150.29K
2024-12-30Trade
WEETH
WEETH/USDT
3,251.35
-7.18%
501.47K
2024-12-30Trade
PHA
PHA/USDT
0.3019
-6.00%
441.46K
2024-12-27Trade
SOON
SOON/USDT
0.0002055
-4.64%
232.36K
2024-12-22Trade
TOMA
TOMA/USDT
0.0000137179
-2.08%
185.95K
2024-12-20Trade
FUEL
FUEL/USDT
0.05117
-6.74%
9.61M
2024-12-19Trade
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