Altcoin Season Index Moves to 48, Signalling a Neutral Market

The Altcoin Season Index (ASI) has increased to 48 as of December 26, 2024, marking an increase from the previous day. This uptick indicates that the market is in a neutral phase, between Bitcoin and altcoin season.

The ASI, which tracks the performance of the top 100 coins over the past 90 days, revealed that although the altcoins have gained leverage, Bitcoin continues to lead the market.

Notably, the index has experienced several shifts over the last month. After reaching the peak at 52 earlier this month, it dropped drastically to 47 over the last week before recovering to 48 on December 26.

This pattern reflects a period of consolidation, with Bitcoin and altcoins vying for dominance. Further, the yearly high of 87, recorded on December 4, 2024, marked a brief phase of altcoin outperformance, while the yearly low of 13 on September 3, 2024, highlighted Bitcoin’s market dominance during that period.

A Broader View of Altcoin Market Cap

Following the Altcoin Season Index, the Altcoin Market Cap (AMC) chart provided deep insight into the market trends over the past 90 days.

Read also: Bitcoin and the Altcoin Season Index Explained

The ASI steadily increased during October-November, with a notable surge in early December, which hinted the altcoins regaining strength. Despite this, the market remained transitional, with neither Bitcoin nor altcoins taking clear dominance.

Predictions for 2025: Altcoins Gaining Traction

Speculations were rife considering the future of the altcoin market. Further, crypto analysts provided mixed forecasts about its future. Crypto Rover, an analyst, highlighted that the breakout of altcoin season could begin, considering its historical patterns.

His chart suggested that altcoins could outpace Bitcoin following the consolidation phase, leading to market growth. Further, it could drive the total market cap (excluding Bitcoin) above $4.5 trillion by 2025, as altcoins are expected to be increasingly dominant.

Meanwhile, another analyst, Merlijn The Trader, predicted that the crypto community would witness its biggest altcoin season in Q1 2025. His analysis emphasized on Ethereum’s potential growth, mirroring Bitcoin’s past bull runs.

However, Ethereum is expected to encounter a resistance point around Q1 2025, with the potential for price surges if it breaks the level. Similarly, Bitcoin, too, is navigating key resistance zones near the $110,000 mark, triggering another significant rally in the near term.