The altcoin market is valued at over $879 billion and could reach its previous all-time high of nearly $1.2 trillion, according to Michaël van de Poppe. The Total3 market cap, excluding BTC and ETH, is around $784 billion with critical support levels. Altseason is awaited after a disappointing 2025.

In October, the Total3 hit nearly $1.2 trillion but retraced after a market crash. Investors are looking for signs of the next altseason amidst changing market dynamics. The number of cryptocurrencies has grown significantly, with over 29 million listed coins on CoinMarketCap.

The proliferation of altcoins has saturated the market, preventing the start of altseason, according to analysts. The launch of crypto ETFs has changed market dynamics, locking funds and preventing rotation into altcoins. This has dampened the typical altseason phase expected by seasoned traders.

Read more at Cointelegraph: Altcoin Market Cap Holds ‘Critical’ Support, Poised for Upside: Analyst