Yeliz Akmaca 
Eyes in the crypto market have turned back to altcoins. Coinbase and Pantera Capital analyzed market dynamics and predict that the altcoin season will begin in September.
The Growing Role of Altcoins in the Market
Pantera Capital stated in its report that altcoins have recently started outperforming Bitcoin’s growth. This marks a shift from previous months dominated by Bitcoin-centered price movements. Bitcoin’s rally, which began at the end of 2023 due to ETF effects and continued in 2024 with political developments, had previously overshadowed altcoins. However, the balance is now changing, and altcoins are becoming more influential.
The firm highlighted previous bull cycles to show how crucial altcoin contributions are to market growth. Between 2015-2018, altcoins accounted for 66% of total growth. In the 2018-2021 cycle, this contribution was 55%. In the current cycle, it stands at 35%, but historical statistics suggest an additional 20% growth is possible, boosting market momentum through altcoin activity.
Bitcoin Dominance Decline Draws Attention
According to Coinbase data, Bitcoin’s market share fell from 65% in May to below 58% by August. Meanwhile, the altcoin market has grown over 50% since July, reaching a total of $1.4 trillion. This indicates a clear shift in investor interest.
Individual investors are increasingly turning to altcoin projects. Google search interest for “altcoin” has surged to the highest level since January 2018. Additionally, regulatory developments in the U.S., including the GENIUS and CLARITY bills, are creating new momentum. Ethereum, in particular, stands out due to real-world asset inflows and institutional interest.
In conclusion, both Coinbase and Pantera Capital point to rapidly accumulating data supporting the start of the altcoin season. The decline in Bitcoin dominance and increased market diversity further strengthen this trend.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.