Altcoins are stealing the spotlight this season, breaking records and outpacing Bitcoin in a way the market hasn’t seen in over a year. A new report from 10x Research suggests that Altcoins have been outperforming Bitcoin for 31 days in a row, breaking past the year.
Therefore, many traders are buzzing with excitement, convinced that the long-awaited “altcoin season” is finally here.
But has it truly begun?
Record-Breaking Altcoin Streak
According to 10x Research, their tactical altcoin model, which tracks when altcoins are likely to outperform Bitcoin, has now stayed in “altcoin-favor” mode for 31 consecutive days.
However, that’s the longest run in over a year, breaking the previous highs of 25 days in November 2024 and 19 days in March this year.
Normally, Bitcoin dominates when the market rises. But since July, data has shown Bitcoin’s dominance slipping to around 60% while the total crypto market value keeps climbing.
This is a classic sign that altcoins are gaining ground faster than Bitcoin, a sign of the start of strong altcoin rallies.
Global Trading Activity is Shifting
One surprising factor behind this altcoin rally is a big jump in trading volumes from South Korea, which recorded around $4 billion in weekend crypto trades. Meanwhile, this shows that interest in crypto is strong worldwide, not just in the U.S. or Europe.
Altcoin Season Officially Kicks Off
Backing 10x Research’s bullish outlook, crypto trader Captain Fiabik believes the long-awaited “altcoin season” has finally arrived.
In his words: “The wait is over. This is the moment we’ve all been waiting for!”
Unlike past years, both Bitcoin and altcoins are rising together, signaling a stronger, broader rally.
Over the past week, several top-20 projects have posted double-digit gains, while smaller-cap tokens are seeing even sharper spikes. Ethereum, the largest altcoin, has outperformed Bitcoin, breaking above $4,200, a price level not seen since 2021.
The Numbers Back It Up
The Altcoin Index now sits at 43, meaning 43% of altcoins are outperforming Bitcoin. While it’s not yet at the traditional 75% threshold used to officially confirm an altcoin season, the momentum is strong enough for many traders to call it the real start.
