Coinbase Analysts Predict Full-Scale Altcoin Season Starting in September
Altcoins are gaining momentum in the cryptocurrency market, with analysts at Coinbase indicating that September may signal the start of a full-scale altcoin season. Bitcoin's dominance has decreased from over 65% in May to about 59% in August, a level not observed since January.
- Bitcoin dominance drop often precedes major altcoin rallies
- Altcoin market capitalization surged over 50% since early July
- Despite this, altseason indexes remain below the 75-point threshold
- Growing institutional demand for Ethereum noted
- Retail interest in altcoins is rising, with Google Trends showing peak searches since 2021
- Analysts expect 2025's cycle will be driven by institutional adoption and ETF activity
- 31 altcoin ETF filings submitted to the SEC, including for Solana, XRP, and Litecoin
- Predictions of potential gains of 200% to 500% for many digital assets in the coming months
- Notable price increases: ETH up 20%, SOL up 13%, ADA up 20%
Market experts predict a favorable environment for altcoins, setting the stage for significant investment opportunities.