In a report dated January 11, CryptoQuant writer Burakkesmeci stated:

“With the increasing retail interest, the altcoin market could continue to gain strong momentum in the coming months.”

Continuous Increase in Altcoin Volume

According to Burakkesmeci, the altcoin trading volume ratio on Binance reached 77.83% in January 2025, showing an 11% increase over the last five months.

“The steady growth in altcoin trading volume on Binance increases confidence in the potential for an altcoin bull market in 2025.”

In May 2024, Binance’s altcoin dominance was 50.80%, highlighting a continuous rise in interest.

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However, CoinMarketCap’s Altcoin Season Index currently stands at 46/100, indicating a closer alignment to a Bitcoin Season. This index evaluates the role of altcoins in the market by comparing the price performances of the last 90 days.

Bitcoin Dominance and Altcoin Season Signs

Altcoin seasons typically begin when Bitcoin Dominance starts to fall. However, currently, Bitcoin Dominance is at 57.74%, showing a 2.41% increase in the last 30 days.

Ethereum and Altcoin Market Expectations

An anonymous crypto analyst, Mister Crypto, suggested on January 11 that Ethereum could see a price range from $4,000 to $8,000.

Analysts believe that a rise in Ethereum’s price could signal a larger upward move in the altcoin market.

Currently, Ethereum is trading at $3,279, having lost 15.77% of its value in the last 30 days.

A Differentiated Altcoin Season Expected

CryptoQuant CEO Ki Young Ju highlighted that the current altcoin cycle is different from previous cycles. Ju stated that only altcoin projects with “strong use cases and narratives” will survive in this cycle.

Additionally, Ju noted that the altcoin season this time will not begin with the capital gains from Bitcoin flowing into altcoins as seen in the past.

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