Altcoin Season Expected in 2025 as Bitcoin Approaches $100,000
Bitcoin (BTC) approaches the $100,000 mark, leading a bullish rally in the crypto market. As Bitcoin prices rise, altcoins are also recovering.
The total cryptocurrency market cap, excluding Bitcoin and Ethereum (ETH), remains above $1 trillion, suggesting potential for significant growth among alternative cryptocurrencies.
Altcoin Season on the Horizon
Analyst TechDev has identified a six-month phase for an altcoin rally, correlating with Bitcoin's past all-time highs in 2017 and 2021. Historically, this period has seen explosive growth in altcoins as capital shifts from Bitcoin to smaller-cap tokens.
During altcoin phases, Bitcoin dominance typically declines, indicating investor movement towards other cryptocurrencies. This decline in BTC dominance has historically occurred around 1,280 days after Bitcoin peaks, providing a predictive pattern for altcoin booms.
Bitcoin Price Trend
Currently, Bitcoin has reached an all-time high of $108,364 but has retraced to nearly $98,000 after testing the 50-EMA line.
Bitcoin's market dominance is currently at 55.7%, down from 58.5% during its peak.
Top Cryptos to Buy This Altcoin Season
As the altcoin season approaches, consider these notable altcoins for potential investment:
Ethereum: The Safe Altcoin Bet
Ethereum, the largest altcoin, has a market cap of $441 billion and represents 12.5% of the crypto market, trading above $3,600. It has increased by 8.51% over the past week, with a recovery of 47.38% in November. Traders anticipate future rallies targeting $5,000 and potentially $10,000 based on historical trends.
SUI: The Next Solana
SUI token has experienced a bullish surge of over 600%, rising from $0.70 to $5.15. Its all-time high is $5.58, and expectations suggest it may exceed $10 by Q1 2025 if it continues to mirror Solana's recovery.
Toncoin: The Dark Horse
Toncoin trades at $5.68, maintaining position above its 50-day EMA line. Despite recent sideways movement, it has potential due to increasing privacy needs and scalability as a layer 1 blockchain. Toncoin's market cap is $14.41 billion, with a projected price target of $15.36 by the end of the altcoin season.
