Altcoin Market Indicators Surge as Santiment Highlights Trending Coins
Market indicators suggest a potential altseason as discussions intensify within the crypto community. Key points include:
- CoinGlass’ altcoin season index reached 78, the highest since December 2024.
- CoinMarketCap’s indicator is at 67, near its yearly peak, signaling altcoin momentum.
- Total altcoin market cap stands at $1.63 trillion, just below November 2024's record of $1.64 trillion.
- Ethereum's recent performance and declining Bitcoin dominance support an altcoin rally.
- The Fed's expected interest rate cut may further boost altcoin growth.
Potential Surge Ahead
Analyst Ash Crypto noted a recent "golden cross" in altcoins, which previously preceded a 140% market cap surge in late 2024. Predictions indicate a significant altcoin season starting in Q4.
- Mantle recorded an 18% gain on September 11.
- Santiment highlighted trending coins: Avalanche, ApeCoin, and Bake IO.
- GameStop is under scrutiny for special dividends and strong earnings.
- Linea is gaining attention due to network developments.
- Solana remains prominent in liquidity discussions.