On a Tuesday that’ll be recounted one day in tales of riot and ruin (May 13, for the calendar keepers), the ol’ crypto corral clocked in at $3.33 trillion. That’s a 0.44% hop upwards—hardly enough to spill your morning coffee, unless your nerves hang by a spider’s thread. Bitcoin strutted around with a 10% rise in a week, but Ethereum—never one to play second fiddle—leapt an eye-watering 44%. Meanwhile, altcoins were stampeding like the barn doors had blown clean off. In other words, folks are chattering that an ‘Altcoin Season’ is stalking the horizon, ready to trample everything in its path, or maybe just your wallet. 🐂💰
Cattle Drive in Crypto Land: $3.33 Trillion and Counting
//markets.bitcoin.com/”>see here for your ticket to the rodeo), because this week they started whooping it up. Ethereum (that’s
for you acronym enchanters) popped 44.8% in just seven days—faster than Mark Twain running from a debt collector. Dogwifhat (WIF) climbed a dizzy 108.8%, PI puffed up 95.2%, PEPE hopped 79.4%, and ENA tried not to be left out with a 49.5% climb. Watching all these numbers, my head spun like a Mississippi steamboat’s paddlewheel.
Predictably, every Tom, Dick, and Satoshi can’t stop asking: “Is this finally Altcoin Season?” That’s a folksy code in the crypto saloon for when every coin not named BTC makes your cousin’s dog rich overnight, while Bitcoin sits on the porch looking grumpy (BTC still being the grumpiest of them all).
The village square, also known as X, was ablaze Tuesday. One fella hollered, “Ethereum is creeping up while eyes are on bitcoin stalling near all time highs… before you know it ETH will be close to all time highs again and the market buzz will kick off… altcoin season is closing in. I can feel it.” I reckon he probably felt something else closing in: indigestion.
Still another sage on X spilled his whiskey just to warn us:
ALT Season is imminent. Are you positioned, Anon?
This week, the X peanut gallery had itself a raucous hootenanny—arguing, forecasting, and calling out for ‘Altcoin Season’ like it’s some lost dog. “Altcoin 50x rally — this is no joke, it’s real,” cried one, presumably from the roof, on a Monday afternoon (there’s the evidence). Despite the fire and brimstone from the crowd, the cold, cruel Altcoin Season Index (ASI, for those who need another acronym tonight) over at blockchaincenter.net says otherwise. Not so fast, partner: the miracles folks are expecting haven’t come clattering down the tracks just yet.
Turns out, according to the wise council over at blockchaincenter.net, it only earns the ‘Altcoin Season’ badge when 75% of the big coins beat bitcoin over a 90-day stretch. That’s the rule, and we’re still sitting at 24. Only 11 coins have outshone bitcoin—you’d have better luck at a poker table with Twain’s mustache as your bluff. Last December, the index did poke its nose above 75, but only for a moment, like a groundhog that saw its shadow and sprinted back underground. Hold onto your hats, folks—anything can happen between now and the next time the crypto stagecoach rolls through town. 🏜️🪙
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2025-05-13 21:38