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Market Cap$ 2.49T+1.53%

24h Spot Volume$ 1.64T-96.9%

DominanceBTC55.84%-0.45%ETH10.01%-0.78%

ETH Gas0.04 Gwei

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Watchlist Portfolio

Altcoins Shine as Bitcoin’s Market Dominance Wanes

Bitcoin Market Altcoin

Dec, 20, 2024

< 1 min read

by Lipika Deka

for CoinEdition

Altcoin Season Index Reveals Altcoin Dominance Over Bitcoin

CMC Altcoin Season Index at 45, reflecting altcoin dominance.
Altcoin Season requires 75% of top altcoins to outperform Bitcoin.
Market trend strongly favors altcoins over Bitcoin for Q4 2024.

The CoinMarketCap (CMC) Altcoin Season Index, a crucial metric for crypto investors, shows Altcoin Season, despite a slight dip to 45 on December 20. At least 75% of the top 100 coins must outperform Bitcoin for a full-fledged altcoin season. The indicator shows that altcoins still hold an edge, which solidifies their dominance in the final quarter of 2024.

Understanding the Altcoin Season Index

CMC’s Altcoin Season Index gives real-time insights into the performance of the top 100 cryptocurrencies against Bitcoin over the past 90 days. It excludes stablecoins like Tether and DAI, as well as asset-backed tokens such as WBTC, stETH, and cLINK. A Bitcoin season happens when less than 25% of altcoins outperform Bitcoin.