- Recent altcoin performance shows mixed signals, with some coins like Flare and Decentraland gaining over 7% in 24 hours, suggesting potential for surges.
- Technical indicators, like a bullish cross in altcoin market cap, hint at possible upward movement, but the Altcoin Season Index (15/100) leans toward Bitcoin dominance.
- Analysts on X are optimistic, predicting an altcoin season as Bitcoin dominance may drop, though evidence is not yet conclusive.
Flare (FLR) is up 9.18%, Decentraland (MANA) up 7.63%, Raydium (RAY) up 6.50%, among some other altcoins that see their 24hr gain in double digits. Considering short-term gain, these show how Ethereum (ETH) up 4.56% and TRON (TRX) up 4.54% are particularly lucrative investment opportunities. However, trends beyond 24 hours are not clear given that 7-day data was not fully available.
Mister Crypto recently posted on X about a ‘bullish cross’ in the crypto market cap chart where the 100-day SMA was crossed above the 200-day SMA and historically linked to a 140 increase and is forecasting a 222% increase. Balanced out by strong 24-hour performance, this technical signal could paint enough of a positive picture for the market for coins such as Flare, Decentraland, and Raydium to burst into action. The Altcoin Season Index is at 15, and it adds an element of complexity in predicting.
Currently the mixed signals are circulating in the crypto market. Bitcoin’s dominance is at 62.7%, which shows Bitcoin Season. That also means there are fewer than 25% of the top 100 altcoins (excluding stablecoins, wrapped tokens) that have outperformed Bitcoin over the past 90 days as reflected in the Crypto Altcoin Season Index. Nevertheless, recent price actions and technical signalings are not indicative of poor performance but rather indicate a shift towards altcoin dominance due to short-term gains and analyst optimism.
Recent Altcoin Performance: 24-Hour and Weekly Trends
Using data from CoinMarketCap, the following table lists the top 10 altcoins by 24-hour price change, all meeting the volume(24h) >$50,000 threshold and ranked within the top 100 coins:
| Rank | Coin | Price | 24h Change | Volume(24h) | Market Cap |
| 62 | Flare (FLR) | $0.01694 | +9.18% | $50,524,651 | Not provided |
| 99 | Decentraland (MANA) | $0.2828 | +7.63% | $110,893,071 | Not provided |
| 92 | Raydium (RAY) | $2.08 | +6.50% | $89,482,274 | Not provided |
| 82 | Lido DAO (LDO) | $0.7829 | +6.14% | $86,112,605 | Not provided |
| 29 | Pepe (PEPE) | $0.057602 | +4.60% | $739,007,943 | Not provided |
| 2 | Ethereum (ETH) | $1,674.52 | +4.56% | $17,581,014,541 | $200.16B |
| 9 | TRON (TRX) | $0.2573 | +4.54% | $792,918,986 | $24.3B |
| 57 | Maker (MKR) | $1,421.61 | +4.34% | $75,345,228 | Not provided |
| 100 | Ethereum Name Service (ENS) | $15.11 | +4.04% | $65,615,180 | Not provided |
| 28 | Uniswap (UNI) | $5.60 | +3.49% | $102,707,678 | Not provided |
Market cap data for most coins was not fully provided in the top gainers list, but for reference, Ethereum’s market cap is $200.16B, and TRON’s is $24.3B from the overall market cap list. 7-day price changes were not directly available from the top gainers page, but historical data suggests these coins have been performing strongly in the short term.
Standout performers include:
- Flare (FLR): With a 9.18% gain in 24 hours, FLR is showing significant momentum, potentially driven by its utility in decentralized finance.
- Decentraland (MANA): Up 7.63% in 24 hours, MANA reflects growing interest in metaverse-related tokens, which could see sustained gains if market sentiment shifts.
- Raydium (RAY): A 6.50% gain highlights its strength as a decentralized exchange token on the Solana blockchain, benefiting from ecosystem growth.
- Lido DAO (LDO): With a 6.14% increase, LDO’s role in liquid staking positions it well for further growth as staking demand rises.
Although Ethereum (ETH) slumped 4.56%, it continues to be a bellwether for the wider altcoin market as it is large and influential.
According to the latest data from CoinMarketCap, the total cryptocurrency market capitalization stands at $2.67 trillion, reflecting a 0.37% increase over the past 24 hours. When excluding Bitcoin and Ethereum, the altcoin market cap is approximately $790 billion, derived from subtracting Bitcoin’s $1.68 trillion and Ethereum’s $200.16 billion market caps from the total.
According to Coinglass data, the Fear and Greed Index stands at 31/100, which is extremely fear and could mean it is a signal for altcoin rallies. The high volatility of altcoins, however, means price reversals could occur at any moment. When taking a look at the bullish cross and analyst optimism compared to the current state of the Altcoin Season Index, investors should look at both the technical and fundamental aspects, as the bulls are still present and gleaming.
Latest rise of any altcoin such as Flare, Decentraland, and Raydium was very impressive which means the bullish cross plus analyst prediction all suggested that there might be an altcoin season soon. Coins like Flare (FLR), Decentraland (MANA), Raydium (RAY), TRON (TRX) and Maker (MKR) are attracted by the moving momentum. The fact that Bitcoin dominance and market sentiment continue to be signal of an altcoin season should still be viewed by investors.
