When Altcoin Season 2024: Signals, Trends, and What to Watch

When altcoin season 2024 is on every crypto investor’s mind, especially as market cycles and technical signals start to align. In this article, you’ll discover what defines an altcoin season, the latest data on market recoveries, and why experts believe the next cycle could be fundamentally different. Whether you’re a beginner or a seasoned trader, understanding these trends can help you navigate the evolving crypto landscape and make informed decisions.

Market Cycles and Technical Background

Altcoin season refers to periods when alternative cryptocurrencies (altcoins) outperform Bitcoin, often marked by rapid price surges and increased trading volumes. Historically, these cycles follow Bitcoin rallies, as capital rotates into smaller-cap assets. As of November 2025, according to Galaxy Research, only one of the top 100 cryptocurrencies—PENGU—has fully recovered to its all-time high, while the rest remain 30% to 95% below their peaks. This highlights the challenging environment for altcoins since the 2021 bull run.

Technical indicators are closely watched for signs of a new altcoin season. For example, Dogecoin’s current cycle mirrors its 2021 pattern, with analyst ChandlerCharts noting that the Relative Strength Index (RSI) is showing similar recovery signals. Historically, a low RSI (30–40 zone) has preceded major rallies, and Dogecoin’s recent price action near $0.165, with resistance at $0.20, is being monitored as a potential trigger for broader altcoin momentum. (Source: ChandlerCharts, November 6, 2025)

Key Signals and What Investors Are Watching

Several factors are shaping expectations for when altcoin season 2024 might arrive:

• Bitcoin Dominance: The Altcoin Season Index remains low (24 as of late 2025), indicating strong Bitcoin dominance and limited altcoin outperformance. Historically, a drop in Bitcoin dominance often precedes altcoin rallies.
• Project Fundamentals: Arthur Hayes, co-founder of BitMEX, argues that this cycle could be different. He points out that new projects are focusing on real users and revenue generation, rather than hype or low-float VC games. This shift could make the next altcoin season more sustainable, as tokens with actual utility and profit-sharing models attract long-term interest. (Source: When Shift Happens podcast, October 10, 2025)
• Macroeconomic Factors: External events, such as U.S. political shifts and global economic policies, have historically disrupted crypto cycles. For example, Dogecoin’s past rallies were interrupted by COVID-19 and tariff changes, but each time, the market eventually recovered and set the stage for new altcoin surges.

Despite these signals, most established altcoins—including Cardano, Polkadot, Chainlink, and Avalanche—remain 80–90% below their all-time highs. Even blue-chip assets like Bitcoin and Ethereum are still 30–40% off their peaks, underscoring the selective nature of the current recovery.

Latest Developments and What Makes 2024 Unique

As of November 2025, the crypto market is experiencing a transition. According to Arthur Hayes, the next altcoin season will be driven by projects that deliver real value to users and share profits with token holders. This is a departure from previous cycles, where speculative narratives and airdrops dominated. Hayes believes that once macroeconomic uncertainty—particularly around U.S. politics—settles, cash-flowing altcoins could lead a more durable rally.

On-chain data supports this cautious optimism. While DeFi tokens like Uniswap and Aave are still 70–85% below their highs, the total value locked (TVL) in DeFi protocols remains relatively healthy. This suggests that usage and adoption are holding up, even if token prices lag behind. Meanwhile, meme tokens like PENGU have outperformed due to strong brand recognition and viral marketing, rather than legacy market cycles.

For traders and investors, the focus is shifting to projects with sustainable business models, transparent revenue sharing, and active user bases. This evolution could redefine what triggers an altcoin season and how long its effects last.

Common Misconceptions and Risk Factors

Many newcomers expect every altcoin to recover alongside Bitcoin, but recent data shows this is rarely the case. Surviving a bear market does not guarantee a return to previous highs. Token price recovery depends on fundamentals, market sentiment, and broader economic conditions. DeFi protocols, for example, may see healthy usage but still struggle with token valuation disconnects.

It’s also important to recognize that altcoin seasons are not guaranteed or predictable. Technical signals like RSI and market cycles can provide clues, but external shocks—such as regulatory changes or macroeconomic events—can quickly alter the landscape. Always approach altcoin investing with caution and prioritize platforms with strong security and compliance standards.

For secure trading and portfolio management, consider using Bitget exchange and Bitget Wallet, which offer robust tools and support for both beginners and experienced users.

Further Exploration and Practical Tips

As the market evolves, staying informed is key. Monitor on-chain activity, trading volumes, and technical indicators like RSI for early signs of momentum shifts. Pay attention to project fundamentals—especially those with real-world adoption and transparent revenue models. Engage with the crypto community to share insights and learn from experienced traders.

Ready to explore more? Discover the latest features on Bitget, track your favorite altcoins, and stay ahead of the next market cycle. Whether altcoin season 2024 arrives sooner or later, preparation and knowledge will be your best assets.