Over the past 90 days, the following 10 altcoins have led the market, with XCN and FARTCOIN emerging as frontrunners with 4-digit gains.
According to CoinMarketCap, Onyxcoin (XCN), Fartcoin (FARTCOIN), Hyperliquid (HYPE), Hedera (HBAR), Bitget token (BGB), XRP (XRP), Mantra (OM), Virtuals Protocol (VIRTUAL), Stellar (XLM), and XDC Network (XDC) have led the altcoin market over the past 90 days.
Leading the pack is Onyxcoin, which has skyrocketed by a staggering 2149.58% over the past 90-day period. Next is FARTCOIN, which has seen an extraordinary 1088.71% pump.
HYPE has certainly lived up to its name, registering a 711.39% surge. BGB and HBAR followed with 455.93% and 419.54% gains respectively.
Ripple’s XRP has been on a steady upward trajectory, climbing 392.55%. OM has posted 330.68% increase. Lagging close behind, VIRTUAL, XLM, and XDC have climbed by 264.28%, 263.38% and 256.69% respectively.
Does this signal the start of an altcoin season?
While these altcoins’ gains are impressive, they seem to be just isolated pumps rather than the start of a full-blown altcoin season. As of Feb. 3, 2025, Bitcoin’s market dominance has surged to nearly 62%, its highest level since Feb. 2021. BTC market dominance measures the share of total crypto market capitalization held by Bitcoin. A dominance of 62% indicates that Bitcoin still controls the majority of the market, leaving altcoins with limited liquidity and price movement outside of speculative surges.
Moreover, the Altcoin Season Index sits at just 37, signalling that altcoin dominance is still far off from historical altcoin bull runs. According to it, the market enters altcoin season when at least 75% of the top 100 cryptos (excluding stablecoins and asset-backed tokens like WBTC, stETH, and cLINK) outperform Bitcoin over the last 90 days.
