- Binance’s altcoin dominance reached 77.83% in January 2025, up from 50.80% in May 2024.
- Bitcoin’s market share is 57.74%, suggesting a possible shift toward altcoins in 2025.
- Analysts remain cautious; altcoin growth may depend on strong use cases and specific innovative projects.
Altcoin trading volume on Binance has surged to 78%, indicating the potential for a bull market in altcoins throughout 2025. The surge reflects the increasing retail interest in altcoins, positioning them as a strong contender in the crypto landscape. CryptoQuant contributor Burakkesmeci highlighted the 11% rise in the last five months.
Altcoins Continue Upward Trend Since May 2024
According to Burakkesmeci’s January 11 report, altcoin pairs on Binance reached a remarkable 77.83% in January 2025, continuing a consistent upward trajectory since May 2024. “It is evident that interest in altcoins has steadily risen since May 2024, when Binance’s altcoin dominance stood at 50.80%,” he said in a recent markets report.
Despite this, CoinMarketCap’s Altcoin Season Index, based on the performance of the top 100 cryptocurrencies, remains at 46 out of 100, indicating Bitcoin’s dominance. Bitcoin’s market share is currently at 57.74%, showing a gradual increase in dominance, suggesting an impending shift toward altcoins.

Mister Crypto, a pseudonymous trader, speculates that Ether (ETH) could surge from $4k to $8k in the coming weeks. Such a price move could spark broader altcoin market growth, as many traders view Ether’s performance as a barometer for the entire ALT sector. Currently, Ether is trading at $3,279, reflecting a 15.77% decline over the past month.
Altcoin Market Sentiment Bullish Amid Ether’s Dip
While excitement builds around a potential altcoin season, analysts, including Ki Young Ju, CEO of CryptoQuant, offer a more cautious outlook. Ju emphasized that this altcoin season could differ from previous cycles, noting that only projects with strong use cases and narratives will likely thrive. In contrast to earlier market patterns, Ju suggests that altcoin growth will not be driven by capital gains rotation from Bitcoin.
Hunter Horsley, CEO of Bitwise Invest, echoed optimism for the future of Bitcoin and crypto in 2025. Despite Bitcoin’s current dominance, the possibility of a shift toward altcoins remains high, especially with growing retail interest and specific projects that stand out for their innovation and use cases.
At the time of writing, Ether is trading at $3,279, showing a decline of 15.77% in the past month. However, altcoins’ market sentiment remains bullish as traders anticipate a potential surge. The coming months may reveal whether the ALT season will fully materialize, propelled by Ether’s performance and Binance’s increasing dominance.
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