Altcoin trading volumes on Binance have surged, reaching a dominance of 78%, according to a recent analysis. This increase is seen as a positive signal for a potential altcoin bull market by 2025. CryptoQuant contributor Burakkesmeci highlighted this trend in a January 11 markets report, noting that retail interest is driving momentum in the altcoin market. In January 2025, altcoin trading volume on Binance increased to 77.83%, marking an approximate 11% rise over the previous five months. This consistent growth, according to Burakkesmeci, reinforces the belief in an approaching altcoin bull market.
Since May 2024, interest in altcoins has been on the rise, with Binance’s dominance climbing from 50.80% to current levels. However, CoinMarketCap’s Altcoin Season Index, which evaluates the top 100 cryptocurrencies based on a 90-day price performance, currently scores 46 out of 100, indicating a preference for Bitcoin. Bitcoin’s dominance in the crypto market sits at 57.74%, a 2.41% increase over the last 30 days, suggesting the beginning of an altcoin season could be underway.
Meanwhile, a pseudonymous trader known as Mister Crypto recently projected that Ether could potentially jump from $4,000 to $8,000 in the coming weeks. This prediction supports the view that a significant uptrend in Ether’s price may influence broader altcoin market growth. As of now, Ether trades at $3,279, a 15.77% decrease over the past 30 days.
Additional insights were shared by Bitwise Invest CEO Hunter Horsley, who expressed enthusiasm for Bitcoin and the crypto market’s advancement this year. However, some analysts believe this altcoin season may differ from previous cycles. Ki Young Ju, CEO of CryptoQuant, cautioned that only specific altcoin projects with strong cases will thrive, deviating from past market patterns where gains were rotated from Bitcoin to altcoins.
