According to the analysis of cryptocurrency market analyst Michaël van de Poppe, the altcoin market—currently valued at over $879 billion—is preparing for another strong growth phase, heading towards the all-time high near $1.2 trillion.
The Total3 market capitalization, a measure of the total value of the entire cryptocurrency token ecosystem excluding Bitcoin (BTC) and Ether (ETH), has remained firmly around the important support level of $784 billion. Van de Poppe states that the Total3 value is also gradually recovering, approaching the 365-day moving average— a key technical support level, according to TradingView data.
Last October, Total3 reached an all-time high of nearly $1.2 trillion, but soon after, it experienced a sharp decline when the market underwent a historic shock, causing the total altcoin market cap to drop about 33% in just one day.
Investors, traders, and analysts are currently trying to assess the potential start of the “altseason”—a prolonged growth period for altcoins—after a volatile 2025 with many changes in market patterns and dynamics.
2025: Patient investors await but “altseason” has not yet appeared
Previously, investors often moved profits from Bitcoin to higher-risk altcoins during the late stages of market cycles, partly based on Bitcoin’s 4-year cycle theory. However, 2025 marked the first time in history that Bitcoin closed the post-halving year with a red candle, casting doubt on the effectiveness of this cycle theory.
The cryptocurrency market also saw a remarkable increase in the number of coins, with over 29 million tokens listed on CoinMarketCap, all fiercely competing to attract investment capital and public attention.
Number of cryptocurrencies tracked on CoinMarketCap | Source: CoinMarketCap The explosion in the number of altcoins has saturated the market, with too many tokens appearing simultaneously, hindering the initiation of “altseason,” according to some experts.
Additionally, the launch of cryptocurrency ETF funds has fundamentally changed the market structure, creating “liquidity pools” for digital assets with ETFs, causing capital flows to be locked in and unable to circulate freely within the cryptocurrency ecosystem.
This has limited the ability of capital from Bitcoin profits or other tokens to shift into altcoins, weakening the “altseason” phase that veteran traders once expected in previous market cycles.
Ông Giáo
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ADA Price Weakens Under Resistance While Large Wallets Accumulate
Key Insights:
Cardano trades below all major moving averages, reinforcing bearish pressure while price struggles to reclaim even short-term resistance levels across multiple timeframes.
Whale wallets holding large ADA balances have steadily accumulated since February, reaching their
CryptoNewsLand6h ago
Dogecoin Holds Near $0.09 as April Pattern Shapes Outlook
Key Insights
Dogecoin maintains stability above the $0.09 support, with buyers defending the level despite consistent selling pressure that limits strong upward momentum in early April trading sessions.
April performance remains historically mixed, with past rallies and declines shaping
CryptoNewsLand6h ago
SHIB Holds Weak Range as Burn Rate Drops and Pressure Builds
Key Insights
SHIB remains within a long-standing descending channel, with price stuck in the lower range and unable to break persistent resistance levels.
The burn rate dropped sharply, removing a short-term support factor and reducing retail-driven momentum seen earlier during increased
CryptoNewsLand6h ago
Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds
According to a study from Mercado Bitcoin, Bitcoin outperformed gold and the S&P 500 in the aftermath of major global crises, displaying stronger returns during economic shocks. Despite its volatility, it has shown resilience and growth during turbulent times.
CoinDesk6h ago
BTC Consolidates At $67,105 As Renewed Whale Accumulation Sparks Bitcoin Breakout Hopes
Bitcoin (BTC) is attracting serious attention from big investors, according to a market observation disclosed today by analyst Ali Martinez. The analyst shared data on X, revealing that whales have accumulated a total of 10,000 BTC over the past 72 hours, a clear signal that high-net-worth investors
BlockChainReporter6h ago
SHIB Price Rises on Golden Cross and Growing Market Activity
Key Insights
The Shiba Inu price rose about five percent as an hourly golden cross and higher volume signaled renewed trader participation and short-term momentum strength.
Exchange outflows and rising liquidity suggest accumulation behavior among holders while reinforcing price stability
CryptoNewsLand7h ago
