LAGOS, Nigeria — Bitcoin don finally clear $100,000 mark as altcoins dey push market forward on Thursday. Some small cryptocurrencies don show double-digit increases as bullish energy dey build.
Ethereum don rise 11% within 24 hours as e break $2,000 for di first time since March. Dis one na rare occurrence wey ETH dey outperform BTC, wey e don rise by minor 2.7%. Both Dogecoin and Cardano don increase by over 8%, while Sui don rally by 13.8% and Bitcoin Cash don dey trade 14.3% higher.
Di top performer among di 100 biggest coins by market cap na Pudgy Penguins—up 27% since yesterday. Dis Thursday increase don cause plenty talk for X say “alt season” dey come, wey be when altcoins dey outperform BTC.
But such talk fit dey premature—especially as Bitcoin’s dominance, wey mean im total share of di crypto market, dey show strong at 64%. CryptoQuant analyst Ki Young Ju don talk say, “di era of everything pumping don end. E be selective altseason—most altcoins no go make am.”
Earlier this year, Ju argue say altcoins wey dey under ETF filings—like XRP, Solana, Cardano, and Litecoin—go fit outperform for 2025, along with “sustainable attention drivers” and “revenue-generating projects.”
Research from Santiment show say mentions of “altcoins” and “altseason” for social media dey grow, and dis fit be “red flag.” Brian Quinlivan from Santiment talk say, “History don show say di best times to enter any altcoin cycle na when di crowd show complete disinterest in altcoins.”
He further warn say, “di shift from rational investing to speculative frenzy fit happen quick and e go dey punishing,” meaning traders need to dey careful. As Donald Trump administration dey cause market wahala with uncertainty over tariffs, e no easy to compare dis current crypto rally to past cycles. Today get plenty green, but no guarantee say e go continue tomorrow.
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