Ethereum’s Wild $2,400 Surge Ignites Altcoin Frenzy — XRP, Solana, Cardano Gearing Up for Crypto’s Next Big Payday
Ether’s jaw-dropping rally past $2,400 didn’t just make crypto bros cheer—it lit the fuse for altseason. Suddenly, every ’next Bitcoin’ narrative is back in play.
XRP bulls are dusting off their lawsuit victory memes, Solana’s ’Ethereum killer’ tagline is getting fresh ink, and Cardano’s army of academic fans is tweeting ’I told you so’ with extra gusto. Meanwhile, Wall Street still can’t decide if this is genius or greater-fool theory in action.
One thing’s clear: when ETH moves, the altcoin casino wakes up. Just don’t tell the SEC we called it that.
Ethereum (ETH) price is in a breakout zone, igniting market commentators toward an altcoin season. The growing debate lies in the previous month’s analysis of a specific asset-based altcoin season amid rising Bitcoin prices. The leading altcoin has recorded a 20% daily jump, spearheading other assets to monthly highs. However, some crypto analysts don’t see sustainability for a full-swing alt dominance.
Is The Altcoin Season Here?
A cross-section of the digital asset community has tipped a larger rally in altcoin prices, suggesting a strong dominance in the coming week. This bullish projection will start with a surge in Ethereum’s price over the $2.5k mark. With a rise in altcoin prices, crypto enthusiasts have explained the chances of an altseason this cycle.
Pseudonymous analyst CryptoGoos stated explicitly on X that the season has kicked off. The season is determined by the overall performance of top altcoins above bitcoin within a timeframe. This is characterized by mass capital flow off the top crypto assets to Ether, XRP, Solana, etc.
Crypto enthusiast Carl Moon added that the season has begun, citing Ethereum’s price rally above Bitcoin in the last 48 hours. On-chain data also shows a breakout in the altcoin season index, the highest level since March, and a clear upward trajectory since Q4 2024.
A Rallying Point Still Far Away
Vandell, the co-founder of Black Swan, opposed the view of an altcoin season. According to him, recent prices have been stimulated by positive macro trends that have not affected Bitcoin’s dominance. BTC’s dominance is expected to plummet between 15% and 50% for a fully blown alt season.
“With Bitcoin dominance at 64% now, if you think altcoin season is starting now, you’re mistaken. This is all driven by the macro factors, remember that. A significant decline for Bitcoin, very likely in 2025, is needed to ignite the next altcoin season, driving capital into altcoins and other cryptos for substantial price rises. This decline has always been at the end of the Bitcoin bull run.” Vandell added.
The recent surge in Bitcoin’s price comes following the US-UK trade deal and an overall cooling of political tensions. BTC’s price hit a three-month high above $103k, while ethereum reclaimed $2,300. At the time of writing, Ether exchanges recorded a 20% daily price rally, taking its weekly gain above 28%. Meanwhile, XRP saw an 8% spike, while Solana and Cardano posted 8.2% and 7.4% inflows, respectively.
