Analysts suggest that October could mark the beginning of a broader altcoin resurgence, as Bitcoin's dominance in the market starts to dip.
The Altcoin Season Index is currently at 28 out of 100, indicating that we are still predominantly in Bitcoin's territory, with a full altseason not yet in sight.
Crypto Decoder highlights the delayed altseason this cycle, with only two minor altcoin rallies seen in March and November/December 2024.
Ethereum (ETH) and Cardano (ADA) are showing early signs of strength, with ETH rallying 6.95% over the past week and ADA gaining 6.7%, potentially signaling a positive trend if the altcoin season materializes.