Altcoin season could begin as early as September, according to BeInCrypto, citing experts from Coinbase and digital asset manager Pantera Capital. Both companies agree that the market is showing clear signs of shifting from Bitcoin dominance to a broader spectrum of cryptocurrencies.

Altcoin season according to Coinbase and Pantera Capital

Pantera Capital explained in its report that altcoins have recently started outperforming Bitcoin, marking a change compared to previous months when most growth was concentrated in the largest cryptocurrency. Historical data confirms that altcoins have the potential to contribute a decisive share of market growth. During the 2015–2018 cycle, they accounted for up to 66% and in the 2018–2021 cycle approximately 55%. Today, their share is only 35%, suggesting that there is considerable room for additional growth.

Market trends show that the previous two upswings were primarily driven by Bitcoin. The first came after the launch of Bitcoin ETFs in 2023–2024, and the second was influenced by political factors in the second half of 2024. Altcoins, however, remained on the sidelines, but experts say this trend is starting to change.

• Altcoin season index: According to Blockchain Center, the altcoin season index is currently at 53 out of 100 points, representing a neutral zone. However, over the past two months, the index has significantly risen from a low of 12 points, signaling a market revival and the possible arrival of a new altcoin season.

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Falling Bitcoin dominance and growing interest in altcoins

Coinbase highlighted that a key indicator of changing dynamics is the decline in Bitcoin market dominance. While in May it was 66%, by August it had fallen below 59%. At the same time, the altcoin market capitalization increased by more than 50% to reach 1.55 trillion dollars, according to TradingView. This indicates that capital is beginning to flow into smaller projects.

Another important factor is growing retail investor interest. Data from Google Trends shows that searches for the term “altcoins” have reached levels not seen since January 2018. This supports the idea that individual investors are ready to participate in a new growth wave.

Legislative actions in the U.S. also play a significant role. The proposed GENIUS and CLARITY laws create a favorable environment for cryptocurrencies and provide the market with needed stability. If historical trends, falling Bitcoin dominance, and growing confidence in altcoins align, the market could soon witness a true altcoin season.

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