Binance founder Changpeng “CZ” Zhao has identified that CoinMarketCap’s Altcoin Season Index is beginning to climb, predicting that an altcoin rally could be imminent.
Key Takeaways:
- Binance founder CZ says the Altcoin Season Index is ticking up, hinting at a attainable FOMO-driven rally.
- The index has climbed to 51, up from 16 final month, signaling rising momentum towards altcoins.
- Ethereum and meme cash are main beneficial properties, mirroring previous cycles the place altcoins outperformed Bitcoin.
“Unsure how correct it’s, however it’s ticking up. FOMO season quickly…” Zhao posted on X, referencing the index that tracks whether or not altcoins are outperforming Bitcoin over a 90-day interval.
The assertion comes as Bitcoin’s dominance charge continues to drop, indicating that merchants are more and more specializing in the broader cryptocurrency market.
Altcoin Season Index Climbs to 51, Up from 16 Final Month
The Altcoin Season Index, maintained by CoinMarketCap, presently sits at 51 out of 100, up from 38 final week and simply 16 a month in the past.
A studying above 75 signifies an official “Altcoin Season,” the place at the very least 75 of the highest 100 altcoins outperform Bitcoin over the earlier 90 days.
Whereas 51 falls in need of that threshold, the momentum displays rising market rotation into non-Bitcoin belongings.
Traditionally, these phases observe a predictable sample: Bitcoin rallies first, lifting general sentiment and liquidity.
Ethereum and different altcoins then choose up, fueled by narrative-driven hypothesis, new protocol launches, and elevated developer exercise.
Within the 2021 altcoin season, for example, prime altcoins posted beneficial properties over 170%, in comparison with Bitcoin’s 2% throughout the identical interval.
Present information helps that sample. Ethereum is up 110% over the previous 90 days, whereas meme cash like BONK (+148.7%) and FLOKI (+119.1%) have surged.
Even lower-cap tasks corresponding to PENGU and M have posted beneficial properties exceeding 500%, in response to CoinMarketCap’s 90-day efficiency chart.
The methodology behind the index excludes stablecoins and wrapped tokens and as an alternative focuses on value efficiency among the many prime 100 cash listed on CoinMarketCap.
The aim is to assist traders gauge market sentiment shifts between Bitcoin-dominated durations and broader altcoin rallies.
Bitcoin Dominnace Falls Sharply
Bitcoin’s dominance within the crypto market has fallen sharply, dropping 5.8% in only one week to below 61%, its lowest level since March, and the steepest decline since June 2022.
The metric had peaked close to 66% on the finish of final month, in response to TradingView.
The drop in dominance coincides with a surge in complete crypto market capitalization, which has jumped from $3 trillion to round $3.8 trillion over the previous three weeks.
Altcoins, significantly Ethereum, have led the rally as traders shift focus away from Bitcoin.
“Everyone seems to be saying ALTSEASON has began however should you have a look at indicator they are saying ~ Not but,” X consumer Henry mentioned in a current submit.
They added that not one of the 30 bull market prime indicators have triggered but, with Bitcoin dominance at 61%, the Altcoin Season Index at 51, and key metrics like Puell, MVRV Z-Rating, and Mayer A number of nonetheless in protected territory.
Everyone seems to be saying ALTSEASON has began however should you have a look at indicator they are saying ~ Not but.
Out of 30 bull market prime indicators, not a single one has triggered.
• Bitcoin dominance continues to be excessive at 61%
• Altcoin Season Index is sitting at 51/100 (must hit 75+)
• Puell,… pic.twitter.com/NU92VlpWZN— Henry (@LordOfAlts) July 21, 2025
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