Blockchain Center defines the altseason criterion as 75% of the top 50 cryptocurrencies outperforming Bitcoin over the last 90 days. Altseason periods are known for altcoins delivering rapid gains compared to Bitcoin during bull markets. However, the exact timing of this year’s altseason is still uncertain. 

Altcoin Market on the Rise 

The total altcoin market cap is approaching its all-time high from 2021, drawing close attention from traders. Crypto analyst “Daan Crypto Trades” stated that when altcoins return to price discovery, excitement across the market will increase. This trend is also expected to accelerate new investor participation. Karan Singh Arora noted that the altseason index is at its highest in nine months, and investors are turning back to risk-taking. 

According to TradingView, the total altcoin market cap excluding Bitcoin and stablecoins reached $1.63 trillion, approaching $1.64 trillion in November 2024 and $1.7 trillion in November 2021. Ash Crypto predicts that altcoins will show parabolic moves in the third phase of altseason. 

Top Performing Altcoins 

In the last 24 hours, Dogecoin (DOGE) and Avalanche (AVAX) showed the best performance. DOGE rose 5% to surpass $0.25, while AVAX gained 11% to reach $29, its highest since January. Hyperliquid (HYPE), Stellar (XLM), Litecoin (LTC), and Toncoin (TON) also saw gains above 3%. ACE coin, PIXEL, and NMR increased over 20%, making the altcoin market attractive for investors again. 

This altcoin rally is boosting risk appetite and encouraging investors to be more active. As the market continues to recover, investors are preparing to seize new opportunities, positioning altcoins for market leadership in the remaining months of the year. 

 Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Rising Altcoins: Altseason Index Reaches 76! appeared first on Coin Engineer.