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These 3 Altcoins Outperformed Bitcoin in February 2025

Published
Nikola Lazic
Published
By Nikola Lazic
Edited by Ryan James

Key Takeaways

  • Bitcoin dominance weakening, signaling potential altcoin strength ahead
  • Altcoin Season Index neutral, market at the critical transition phase
  • XCN, OM, and JUP outperform Bitcoin with strong weekly gains

The cryptocurrency market is at a pivotal moment. Bitcoin’s dominance shows signs of weakness, while select altcoins are gaining traction.

These three altcoins have greatly outperformed BTC, whose price has stagnated over the past week. Is this hinting that the next bull run will favor altcoins?

Bitcoin’s Dominance 

The Bitcoin Dominance (BTC.D) chart exhibits a completed five-wave Elliott Wave structure, peaking at around 60.18%.

The recent price action suggests a breakdown from a rising wedge, a classic bearish reversal pattern that signals potential dominance reduction.

The Relative Strength Index (RSI) indicates declining momentum, aligning with the bearish outlook.

BTC dominance
BTC.D in a downtrend | Credit: Nikola Lazic/TradingView

A retracement phase is in play, with key Fibonacci levels acting as critical support zones. The first major support lies at 53.36%, aligning with previous breakout levels.

If this fails to hold, a deeper correction toward 44.21%, marking the 0.618 retracement zone of the prior rally, is possible.

The macro outlook suggests a possible BTC dominance downturn, which could benefit altcoins. However, before further downside continuation, a short-term retest of resistance around 60.18% remains possible.

To invalidate the bearish scenario, a sustained move above 62.46% would be required, which is currently less likely given the weakening structure.

Altcoin season index
ASI at mid-point | Source: blockchaincenter.net 

Meanwhile, the Altcoin Season Index reflects a transition phase, stabilizing around 55, signaling a neutral market after a strong altcoin rally in late 2024.

The data suggests Bitcoin’s dominance may decline, potentially fueling another altcoin cycle if support levels break.

Key Observations

  • The index dipped into Bitcoin Season (below 25) around mid-2024.
  • A major rally occurred toward the end of 2024, pushing the index above 75, marking a strong Altcoin Season.
  • Currently, the index is stabilizing around 55, indicating a neutral market that does not fully favor Bitcoin or altcoins.

Bitcoin Outperformers

Over the last 7 days, XCN, OM, and JUP significantly outperformed Bitcoin, reflecting strong bullish momentum in select altcoins. Onyxcoin (XCN) led the gains with a 52.60% increase in USD and 51.45% in BTC, indicating robust market demand.

MANTRA (OM) followed closely, rising 48.19% in USD and 50.09% in BTC, suggesting strong investor confidence. Jupiter (JUP) also saw notable gains, increasing 24.91% in USD and 25.61% in BTC.

In contrast, Bitcoin (BTC) declined by 0.75% in USD, underperforming relative to these altcoins.

Rank  Name  7d% in BTC Price in USD 7d% in USD
#0 BTC 0 $104,638 -0.75%
#1 XCN 51.45% $0.03454 52.60%
#2 OM 50.09% $5.35 48.19%
#3 JUP 25.61% $1.06 24.91%

 

comparison chart
XCN, OM, JUP | Credit: Nikola Lazic/TradingView

This performance aligns with broader market trends, as altcoins have gained traction, likely due to declining Bitcoin dominance and increased risk appetite.

The market remains in a transition phase, with Bitcoin struggling to maintain its dominance while select altcoins continue rallying. If this trend persists, it could mark the early stages of a broader Altcoin Season.

Conclusion 

The current market dynamics indicate a potential shift in dominance from Bitcoin to altcoins. BTC.D has completed a five-wave Elliott Wave structure and shows signs of a breakdown from a rising wedge, suggesting that Bitcoin’s dominance may decline further if key support levels fail.

This could allow altcoins to gain strength, particularly if BTC.D moves toward the 44.21% retracement zone.

Simultaneously, the Altcoin Season Index has stabilized around 55, reflecting a neutral phase after a strong altcoin rally in late 2024.

This transition period suggests that the market is at a critical juncture, where either Bitcoin regains control or altcoins continue their momentum.

The recent 7-day performance of XCN, OM, and JUP further supports the argument for an altcoin resurgence, as these assets significantly outperformed Bitcoin.

If this trend persists, it could begin a broader Altcoin Season, driven by declining BTC dominance and increasing investor risk appetite.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Nikola Lazic

Nikola Lazic is a cryptocurrency analyst and investor working in the industry since 2017. He holds a bachelor's degree in Sociology, which enables him to better understand the psychology behind the crowd´s positioning. Consequently his preferred analytical tool is Elliott Wave Theory in combination with price action analysis. Combining his experience in trading and investing with knowledge in content writing he strives to bring the most accurate and actionable information. Expertise: Cryptocurrencies, Technical analysis, Elliott Wave Theory, On-chain metrics, Research reports.
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