When Altcoins Weep, Bitcoin Laughs: A Tale of Market Woes 🤣 BTC

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In a world where Bitcoin reigns supreme, the Altcoin Season Index by CoinMarketCap (CMC) has hit rock bottom, leaving many an altcoin heartbroken. The number of altcoins outshining Bitcoin has dwindled like leaves in autumn.

Alas, the altcoin market capitalization (TOTAL2) has taken a nosedive, shedding a staggering 38% from its all-time high (ATH). A whopping $600 billion has vanished into thin air, leaving analysts scratching their heads and investors pondering the meaning of life, the universe, and everything crypto.

17 Altcoins Defy the Odds: The Lone Survivors of Altcoin Season

The CMC Altcoin Season Index, a beacon of hope for the altcoin faithful, reveals the harsh reality. In the past 90 days, only 17 altcoins have managed to outshine the mighty Bitcoin. Yes, you read that right, 17! 🙀

Meanwhile, CZ, the former Binance CEO, now a wise sage of the crypto realm, suggests that an index level of 50 or higher is a sign of prosperity. “Fifty is a splendid score,” he muses, his eyes gleaming with wisdom.

Thus, a mere 17 is cause for concern. It marks the lowest point since the index’s inception, akin to a knight falling from grace.

Elsewhere, the Blockchain Center’s Altcoin Season Index stands at 29, assuming that if 75% of the top 50 coins outperform Bitcoin in 90 days, it’s an Altcoin Season. Yet, on March 7, this index too plummeted to 10, the lowest since October 2024, as if the gods of finance had turned their backs on the altcoin world.

The total altcoin market cap has suffered, falling from its ATH of $1.64 trillion to a mere $1 trillion. The altcoin market weeps, but Bitcoin chuckles, basking in its dominance.

Market Analysts: Ever the Optimists

Yet, in the midst of despair, there are those who see a silver lining. Master of Crypto, a seasoned analyst since 2016, believes that this downturn is but a prelude to a grand finale.

“The Altcoin Season Index has reached its lowest point since October 2024. Yet, history repeats itself. When the index was similarly low, altcoins rallied with vigor. Each dip may unsettle newcomers, but those who persevere often reap the rewards,” Master of Crypto prophesies, his eyes alight with anticipation.

Bitcoin investor Coinvo, active since 2017, shares a similar sentiment. He sees the current market volatility as a replay of past cycles, akin to a well-rehearsed dance.

Coinvo envisions a repeat of the altcoin market cap expansions of 2017 and 2021 in 2025. According to his calculations, the altcoin market cap could skyrocket to $5 trillion in 2025, tripling its current value. 🚀

And then there’s Ki Young Ju, CEO of CryptoQuant, who presents a new perspective on Altcoin Season. He declares that the old theory is obsolete. The new Altcoin Season, he claims, will favor stablecoins and widely accepted altcoins over the smaller, speculative tokens. A new era dawns, one that requires a different strategy and mindset.

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2025-03-10 16:00