{"id":109630,"date":"2019-07-12T02:34:18","date_gmt":"2019-07-12T09:34:18","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=109630"},"modified":"2026-04-16T15:55:59","modified_gmt":"2026-04-16T14:55:59","slug":"bitcoin-prices-alt-season-dominance-analysis-models","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoin-prices-alt-season-dominance-analysis-models\/","title":{"rendered":"Modeling altseason, estimating Ethereum, XRP, Bitcoin Cash, Litecoin prices using BTC dominance"},"content":{"rendered":"

If \u2018altcoin season\u2019 happened today what would the cryptocurrency prices look like? What about if Bitcoin<\/a> continues to reign supreme and BTC dominance keeps rising? We model different BTC dominance scenarios and show the price implications on Ethereum<\/a>, XRP<\/a>, Bitcoin Cash<\/a>, and Litecoin<\/a>\u2014providing a best-guess estimate of what the markets could look like.<\/p>\n

Reviewing the 2017-18 altseason<\/h2>\n

Among cryptocurrency enthusiasts, there is a continuous debate on whether \u2018altcoin season,\u2019 a sustained period where altcoin gains outpace Bitcoin, will happen. The last altcoin season happened in 2017, where many altcoins saw 10x+ returns in a matter of weeks.<\/p>\n

The last altcoin season started on Dec. 7, 2017, where Bitcoin shortly hit its peak dominance of 69.9 percent. Bitcoin\u2019s percent share of the total market capitalization has not reached that level since. Altcoin season lasted five weeks until Jan. 13, 2018, where BTC dominance briefly hit a low of 35.0 percent.<\/p>\n

\"altseason\"<\/p>\n

During this period, major coins such as Ethereum, XRP, and EOS<\/a> all saw astronomical returns. From Dec. 7 to Jan. 13 these coins yielded the following returns:<\/span><\/p>\n

Ethereum shot up from $417 to $1312, a 3-fold increase. EOS shot up from $4.4 and wicked to $18.7 with a closing price on the day of $16.0\u20143-fold returns. And XRP went from $0.21 to $2.0, for eye-popping 9-fold returns.<\/span><\/p>\n

\"xrp<\/p>\n

Smaller capitalization coins saw even bigger gains. Verge<\/a>, for example, accelerated from $0.0078 to $0.15 for ridiculous 18x returns.<\/span><\/p>\n

Will market history rhyme?<\/span><\/h2>\n

Now, Bitcoin\u2019s dominance is marching towards the local high of the 2017-18 bull market. And, based on the current trend, seems likely to surpass the previous high. Meanwhile, numerous crypto-traders, analysts, and pundits suggest that the altseason phenomenon may repeat itself.<\/span><\/p>\n

\n

Starting to feel like it is time for the quality alt coins to begin catching up with BTC. I think the bottom is in<\/p>\n

— Barry Silbert (@barrysilbert) July 10, 2019<\/a><\/p><\/blockquote>\n