Altcoins are getting killed, but will they flip green in November?

by

Key Takeaways

Are altcoins still under pressure from Bitcoin?

In case you haven’t noticed, most altcoins are down 60% YoY. Bitcoin, as usual, is winning the popularity contest. Will anyone else get a chance?

Could November turn things around?

Oh, definitely. November’s like that one relative who always shows up to parties at the last minute and somehow steals the show. Historically, when sentiment is low, things turn around. So, yeah, it could happen.

Altcoins are being pummeled, but hold your horses – that might change soon. The only way to go now is up, right? 🤷‍♀️

Altcoins are still getting crushed by Bitcoin

Let’s be real: over the last 60 days, altcoins have taken a major beating. The Altcoin Season Index? Stuck in the dreaded “Bitcoin Season.” Capital is still obsessed with BTC, and honestly, who can blame it?

According to Arkham data, more altcoins are down 60% or more year-over-year than there are altcoins with gains. A sobering reality, but, guess what? Historically, these “we’re doomed” moments often mark a turning point. It’s like the market’s way of saying, “We’re not dead yet!”

And let’s face it, liquidity will eventually rotate. November could be the month where Bitcoin’s dominance starts to lose its grip. Fingers crossed, folks! 🤞

Altcoins might just manage to claw their way back up. The underdog story we didn’t know we needed. 🙌

Nowhere to go but up!

Bitcoin’s dominance is sitting pretty at 60.6% at the time of writing. Great, so altcoins are still the neglected stepchildren of the crypto world. But hold your horses! Here’s where it gets juicy.

The market’s currently chilling in the lowest “orange/red” zone since April. Sounds ominous, right? But actually, it’s a good sign. Historically, this exact spot has marked local bottoms more than 90% of the time. Who’s ready for a plot twist?

Altcoins may look like a hot mess right now, but when sentiment is this low, that’s often when things start turning around. Money starts flowing back in like it’s Black Friday. 💸

The rotation no one’s talking about…

Okay, now here’s where it gets interesting. Pay attention, this might just be the plot twist of the century. 🎬

Even though altcoins are still getting flattened, there’s one shiny, glimmering hope: privacy-layer projects are quietly flexing their muscles. While everyone else is sulking, these projects are showing real growth.

Starknet [STRK], zkSync [ZK], and Worldcoin [WLD] are leading the charge in 30-day development activity. Even Nym [NYM], Shapeshift [FOX], Oasis Protocol [ROSE], and ZCash [ZEC] are still grinding, despite deep price declines. It’s like they’re saying, “Don’t count us out just yet!”

Money always loves a good comeback story, and this sector might just be the first sign of life in an otherwise exhausted altcoin market. Can you feel the suspense building? 🎉

Read More

2025-11-04 23:10