Bitcoin touches $100,000, but altcoins lead increases: has the “altseason” arrived?

The outlook for cryptocurrencies in its broadest spectrum is gaining intensity as digital assets show extraordinary potential. And some of the “altcoins” or alternative currencies show much higher performance than Bitcoin, which reached US$100,000 and that has a target price, still conservative, of US$200,000. This leads some important voices to consider that the season of alternative tokens is here.

And the victory of donald trump in the US caused a seismic change in the crypto market and paved the way for an unprecedented bullish rally. As the dust settles, major currencies advance half-heartedly, posting double-digit gains, while altcoins dominate the scene.

For example, the Return on Investment (ROI) of Bitcoin since the beginning of the year is 30.8%. That of Ether is 34.6%, but Doge’s is 128% and Cardano’s is 172%. While XRP scores a scandalous 363%. The ROI of a cryptocurrency is a metric that measures the performance of an investment based on the amount of money invested and the profit obtained.

The city gives the verdict, has the altseason arrived?

Matias BariCEO of Satoshi Tangocomments in dialogue with Scope that “technically yes, the altcoin season started a few days ago”. The strategist explains that the indicators show that around 80% of the 100 altcoins with the highest market capitalization have performed better than Bitcoin in recent weeks, “which technically indicates that the altseason started”, although he warns that it may last a short time or may last for weeks, since it is difficult to predict, but it has definitely arrived.

Bari’s analysis coincides with that of Matias Partanalyst Bitgetwho in statements to this medium indicates that the crypto market entered at a key moment, “with clear signs that the altseason could be in full swing“. And it is that altcoins like Ethereum, Solana and XRP lead the rises.

Part maintains that what XRP “It is particularly impressive.” an increase 400% made it the third most valuable cryptocurrency on the marketwith which the Altcoin Season Index “It stands at 81/100, indicating a strong trend towards altcoins.”

In this regard, for those who do not know it, The Altseason Index offers real-time data on the performance of the top 50 cryptocurrencies compared to Bitcoin. That is, an index of 25 indicates that Bitcoin is ahead, surpassing at least 75% of those currencies. Instead, when the index reaches 81 or higher, as indicated by Part, it signals the beginning of an altseason, meaning that most major assets outperform BTC.

Part maintains that it is important not to rush: and although there is good momentum, a priori, this altseason might not be as explosive as previous ones. “Bitcoin maintains its strength, and that delays the massive flow of capital towards altcoins that usually defines these seasons,” he analyzes.

And he adds that the market is likely to witness more gradual growth, with a true boom extending into 2025, “particularly if regulatory infrastructure and institutional interest continue to develop,” he says.

2025 under the magnifying glass of analysts

Bari takes a gamble and slips that for next year the market sentiment is “extremely positive.” And the way 2024 ends, it is difficult not to think that the rally can continue, “more than anything if the price of Bitcoin continues to climb and remains above US$100,000.

“We project a very positive year for the ecosystem if the indicators remain this way, but always with some caution, since we know that certain imponderables may arise that could put a brake on it,” analyzes Bari.

The latest report of Standard Chartered on Bitcoin prices the cryptocurrency for 2025. The British multinational bank analyzes that “Bitcoin flows in 2024 have been dominated by institutional investors.” Therefore, “we expect this trend to continue in 2025, which could lead BTC to reach our end-2025 goal of around US$200,000”, something that many consider “conservative”.

And he adds that “greater adoption by US retirement funds and/or sovereign wealth funds could further increase the optimism” of the London-based bank about Bitcoin.

For his part, Part indicates that towards 2025, without a doubt, he is optimistic, in line with Bari. “I see a market where altcoins with solid projects in sectors such as gaming, metaverse, DeFi, AI and blockchain infrastructure will lead the way. On the other hand, stablecoins will be positioned as a key component of global financial digitalizationparticularly if regulations evolve favorably.”

So, It’s time to watch altcoins with strong foundations and real usefulness, such as Solana, Avalanche, SUI and Chainlink. At the same time, the stablecoin segment is destined to consolidate itself as a bridge between the crypto ecosystem and the traditional financial world. The future looks bright, but as always, the key is to be selective and stay informed.