Altcoin season may already be here — it’s just very different

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If you’re not ready to give up on a monster altcoin season — one on which to stake the future of your entire family bloodline — I totally get it.

Lucky for me, I can prove that it’s true. The only problem is that it happens to smaller coins.

I have spent this morning mapping the highest market caps for the 1,000 top coins. 

It is important to know how many coins set price records during the past months and also the coins that are still not back at their highs of 2021 altcoin season.

Because the sample size was very broad — including coins valued at under $30 million — coins that did not have at least $1 million in trading volume in the past day were filtered out. 

The same goes for liquid stake tokens, stablecoins and any other type of assets wrapped. I wanted coins that would be able to moon by themselves.

This left us with 361 coins. Of those coins, 136 (38%) had reached their highest point in the past 2024-2025.

Meanwhile, there were 124 coins that had established price records in 2021 — peak altcoin season — that are still not broken today. It includes ETH and AVAX as well as DOT, SHIB 1INCH GNO.

In 2022 another 42 targets were established, most of them before Terra collapsed in the month of May that year. Included TWT SWEAT COW WAVES.

6e98a342e1aa5f13db27539e5b108d60 - Altcoin season may already be here — it's just very different

On the surface it would appear that the amount of coinage has increased by a similar percentage in each of the two previous years. This is impressive when you consider everything.

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It’s even better that more than 50% of this year’s 136 coin price records have come since December. 

It’s about 70 times that traders could have caught a coin in its journey to the highest level of all time during the nine-week period.

What is this altcoin hype? Maybe. The market is not what I had envisioned, but this does tell us something.

Here’s the thing: 50% of these 70 coins since December are memecoins, or coins linked to AI agents. Most of which were launched during that time period.

Maybe altcoins season has already arrived. The market is difficult to profit from. 

I had initially figured that small-cap coins would be symbolic of our bull market — market caps of between $250 million and $2 billion.

In fact, the smaller micro- and nano-caps, worth much less than previously, may have led to traders being so much more hurried in their entry and exit. Great.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.