When will 2024 alt season begin

Answered at Nov 21, 2024

When Will the 2024 Altseason Begin?

The concept of "altseason" refers to a period when altcoins (cryptocurrencies other than Bitcoin) experience significant growth, often outpacing Bitcoin itself. This phenomenon is closely tied to Bitcoin's market cycles and its dominance in the crypto market.

Key Dates and Predictions

  • Start Date: The 2024 altseason is expected to begin on December 10, 2024. This date is calculated as 235 days after the Bitcoin halving event, which is scheduled for April 19, 2024 (source).

  • Duration: The altseason is projected to last for 310 days, concluding on October 18, 2025. This duration aligns with historical patterns observed in previous altseasons (source).

Historical Context

  • Past Cycles: In previous cycles, altseasons have shown a remarkable consistency in timing. For instance, the second global altseason began 235 days after the 2016 halving and lasted 309 days, while the third altseason started 237 days post-2020 halving (source).

  • Market Dynamics: During altseasons, Bitcoin's dominance typically decreases as altcoins gain traction. This shift is often marked by a local peak in Bitcoin's dominance, followed by a rise in the TOTAL2 index, which tracks the market cap of the top 125 coins excluding Bitcoin (source).

Factors Influencing Altseason

  • Bitcoin Halving: The halving event, which reduces the reward for mining Bitcoin, has historically been a catalyst for market cycles. It often leads to a surge in Bitcoin's price, followed by increased interest in altcoins as investors seek higher returns (source).

  • Market Sentiment: Investor sentiment plays a crucial role in driving altseason. As Bitcoin's price stabilizes or declines, traders often shift their focus to altcoins, seeking opportunities for growth in emerging projects and technologies.

Potential Top Performers

  • Leading Sectors: During the upcoming altseason, projects in the Blockchain, AI infrastructure, and CeFi (Centralized Finance) categories are expected to perform well. Meme coins, despite their volatility, may also see significant gains (source).

  • Historical Examples: In the last cycle, projects like Axie Infinity, Sandbox, and Polygon experienced exponential growth, with returns exceeding 10,000% in some cases (source).

Conclusion

The 2024 altseason is anticipated to start on December 10, 2024, and last until October 18, 2025. This period is expected to bring significant growth opportunities for altcoins, driven by historical patterns and market dynamics. Investors should keep an eye on emerging sectors and projects that have shown resilience and potential in previous cycles.