Bitcoin has outperformed most alternative cryptocurrencies over the past 90 days, although a few standout altcoins have exceeded Bitcoin's 30.1% gains.
Speculative newcomers like SYRUP, PENGU, and HYPE have posted significant gains of 385%, 252%, and 228% respectively, sparking discussions of an approaching altcoin season.
Despite some altcoins performing well, the broader market sentiment remains cautious, with Bitcoin continuing to dominate and capital consolidating around established assets.
The altcoin rally appears limited to select names currently, rather than indicating a full market rotation. This suggests that enthusiasm for altcoins has not reached critical mass.