A chart that draws a lot of resemblance with Bitcoin dominance and another way to TRULY gauge "altcoin season"' as well.
(the outperformance of alts)
In a way, alts continue to play around with this lifelong proven trend.
Ever bull cycle to date had a huge rally.
(I know we don't have the date of many bull runs yet but regardless of that, every bull run prior to this, when altcoins was a thing we had a strong rally of outperformance).
Will altcoin dominance go as high and above previous times?
Maybe not. Neither does it need to.
(Just like bitcoin dominance won't necessarily break new lows)
The importance of Bitcoin has never been as high as today (Institutional adoption, ETFs, banks,...)
But the signs of a good rally of outperformance? Those are there yes.
And don't underestimate the effect of the chart even creeping up a little.
It'll provide an immense amount of room for a very strong selection of alts to outperform.
Nova out 🤝
In a way when we look at it, today's cycle doesn't look much different than previous ones.
For those that don't know:
This is the altcoin dominance trendline that accurately predicted every altseason in history.
What's even more remarkable is
the fact that every cycle and run had one minor altseason followed by a correction / crash which has been followed again by the real major altseason.
Want even more confluence?
These first waves also all took place in the YEAR OF THE HALVING.
2016 - 2020 - 2024
The major altseasons? The year AFTER THE HALVING.
2017 - 2021 - 2025
See a pattern?
We had wave 1 earlier this year in Q1.
We had the crash for the past 4-5 months.
What follows next? 👀
~
Yes it all sounds really good to be true but there's no denying that the chart paints the exact same scenario for the last 10 years almost.
It's even playing out as we speak.
Nova out 🤝