The Altcoin market experienced an unusual situation at the beginning of 2025. While some tokens display price increases, the marked absence of private investors slows down the emergence of a real Altcoin season, according to several analysts in the crypto sector.
The resumption of altcoins hampered by the absence of investors
Nansen analysts, a renowned Crypto intelligence platform, observe a worrying phenomenon: the rise in prices of certain altcoins are not accompanied by an increase in the number of active users.
Nicolai SONDERGAARD, analyst at Nansen, stresses that this configuration is unusual compared to previous cycles. “” The Altcoin season will always be there, but it may not be the same as the one that people have experienced before “, explain-Al.
The example of Algorand is particularly revealing. On February 10, the network had only 182,170 daily active portfolios, while it totaled more than 1.31 million in its historic record of $ 1.46 in December 2021. Same observation for ChainLink, whose active addresses went from 11,280 in May 2021 to only 3,860 in February 2024.
The total market capitalization of altcoins (excluding Top 10) stagnates around 277 billion dollars, a vertiginous fall of 77 % compared to the peak of 492 billion reached in November 2021.
The same captures the attention of investors
The current enthusiasm for the same diverts a significant part of the capital which would have traditionally fueled the altcoin market. A striking example: on February 14, a trader achieved a spectacular profit of $ 28 million on the same “Broccoli”, inspired by the dog of the co -founder of Binance.
Marcin Kazmierczak, co-founder of Redstone, analyzes the situation with pragmatism: ” The drop in the number of daily active addresses on most Altcoins suggests that we are earlier in the cycle. The recovery of prices without corresponding growth in the number of users indicates an initial speculative phase, preceding generalized adoption. »»
This situation is all the more unusual as the same traditionally gain popularity at the end of the bullish cycle. Their early domination disrupts the classic scheme of the Crypto market. The outbreak of a real Altcoin season could be delayed longer than expected.
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