📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Altcoin Season: Is the "Season" of Altcoins Really Not Yet Started?
In recent weeks, the "Altcoin Season" (altcoin season) is becoming the focal point of the cryptocurrency community, leading discussions from social media to investment groups. Notably, this story seems to be increasingly "natural" thanks to the impressive performance of the two largest altcoins in the market – Ethereum (ETH) and XRP – in recent times. Ethereum, often dubbed the "king of altcoin", has seen a strong acceleration in the past two months, regaining the $4,000 mark for the first time since December 2024. Meanwhile, XRP has also made its mark by returning above $3, increasing by more than 10% just in the past week. However, the latest on-chain observations suggest that the altseason may just be in the initial phase, not yet truly exploding. Traditionally, the altcoin season usually occurs when mid-cap and small-cap altcoins outperform Bitcoin, thanks to the flow of capital shifting from BTC to other coins in the market. Expert Opinion: "Altseason Has Not Really Started" The anonymous on-chain analyst Darkfost recently shared on platform X that "Altseason has not really occurred yet," despite the altcoin market having shown signs of recovery in the past few months.
The basis of this assertion is based on the comparison of the growth rate of market capitalization between: BitcoinLarge market cap altcoin group (top 20)Medium and small market cap altcoin group Darkfost's method measures the difference between the 30-day moving average (30-day MA) and the 365-day moving average (365-day MA) of market capitalization. When the 30-day MA rises faster than the 365-day MA → the market is experiencing strong upward momentum. When the 30-day MA rises more slowly → the market is experiencing weak or diminishing growth. The results show that the current market capitalization of Bitcoin is growing faster than the top 20 altcoins and the mid/small-cap group, reflecting the weakest altcoin performance in this cycle compared to BTC. Lessons from the Past: The Next Real Altseason is Early 2024 According to Darkfost, this performance model emerged in early 2024, just before the cryptocurrency market underwent a significant correction. At that time, the "real" altseason – when many altcoins surged strongly and surpassed BTC – occurred in Q1 2024. Current Prospects of the Altcoin Market As of the time of writing, the market capitalization of altcoins has reached over 1.55 trillion USD, an increase of more than 12% in the past 7 days. However, based on on-chain analysis, it is likely that the real explosive phase of altseason has not yet arrived, and investors may witness more significant fluctuations in the near future as capital flows deeper into altcoins.