Altcoins have recently been gaining value in the Crypto market, indicating that the infamous “Altcoin season” is finally on fire. Assets like Ethereum, Solana and XRP were up last week, and crypto market trading volumes have also risen. Bitcoin has regained $104,000 and the season began after a long wait, with a return from altcoin from the recent triple digit returns.
Market capitalization this week Tether (USDT) It overturned $150 billion for the first time. USDT distribution supply has grown by more than 36% in the past year alone, indicating a growing momentum in the digital asset sector. Meme coins are also booming, especially through the Solana network. Coins such as Dogecoin (Doge), Shiba Inu (Shib), and Pepe Coin (Pepe) have risen double digits even in the past seven days.
Technology charts and market sentiment are lined up to suggest that this will be driven by key indicators and shifted capital flows and launch a broader Altcoin Rally. The total two charts representing the total market capitalization of all cryptocurrencies except Bitcoin have broken above the downtrend line since January 2025. This breakout involves bullish structure breaks (BO) on the daily chart, creating a higher, lower pattern. A critical move above the $1.25 trillion resistance level could support a critical uptrend, with investors moving from BTC to altcoins and meme coins.
Solana Meme Coin Moo Deng Meme Coin (Moodeng), has risen by 750% over the past week, while the popular Coin Dogwifhat (WIF) has also risen by more than 100%. These benefits are expected to continue through June as the Altcoin season is finally underway.
