Altcoin Season Talk Hits Two-Year Low, Says Santiment

Is Altcoin Season Starting? Analyst Says ETH/BTC Chart Mirrors 2017 Bull Run

The post Altcoin Season Talk Hits Two-Year Low, Says Santiment appeared first on Coinpedia Fintech News

Talk about an “altcoin season” has dropped to its lowest level in two years. According to Market intelligence platform Santiment, when discussions about altcoins become very quiet on social media, it has often happened just before big altcoin rallies in the past.

Social Sentiment Around Altcoins Is Cooling

Data shared by Santiment shows that mentions of “altseason” across social media platforms have fallen to extremely low levels

To highlight this pattern, Santiment compared weekly social mentions of altcoin season with the price movement of Dogecoin, one of the market’s most speculative and sentiment-driven assets. 

altcoin season

Historically, spikes in “altseason” discussions often coincided with price peaks for assets like Dogecoin and other meme coins. Meanwhile, periods when social chatter collapsed tended to appear near market bottoms.

Similarly, Google search data shows a sharp drop in searches for the term “altcoins” over the past month.

True Altcoin Season Yet To Come

Despite the interesting signal, the market has not yet entered a full altcoin cycle.

The Altcoin Season Index currently stands around 43, far below the 75 level required to confirm a true altseason. This means most altcoins are still underperforming Bitcoin, which continues to dominate the market.

Across crypto forums and Reddit discussions, many traders are still waiting for Bitcoin to push higher before altcoins begin their typical rotation rally. Some users believe a new altcoin cycle may only begin once Bitcoin reaches fresh highs and liquidity spreads across the broader market.

Bitcoin Rally Could Be the First Trigger

Meanwhile, the broader crypto market has started showing signs of renewed momentum.

Total crypto market capitalization recently climbed to around $2.45 trillion, rising roughly 2% in a single day after Donald Trump urged lawmakers to finalize U.S. crypto market structure rules quickly.

Following those comments, Bitcoin jumped nearly 6%, while major altcoins like Ethereum and XRP gained between 3% and 9%.

For now, Santiment says the market may be entering a phase where silence around altcoins becomes the most important signal of all.

Read Entire Article


Add a comment