
The cryptocurrency market is showing signals that point toward a potential altcoin-driven phase in the coming quarters. Historical market behavior highlights repeating cycles, and recent technical data now suggests that another breakout could be forming. Meanwhile, Terra Classic (LUNC) is still facing price pressure, and its value is at $0.00005353. All these trends combined put the focus on the larger perspective of the altcoins as the market approaches the last quarter of 2025.
A chart tracking the ratio of total market capitalization, excluding Bitcoin, Ethereum, and stablecoins, against Bitcoin shows a multi-year descending trendline. Peaks occurred in 2017 and 2021, followed by extended periods of decline. Notably, the chart now indicates a breakout after years of compression, with the current ratio at 0.354868.
Past patterns demonstrate that similar breakouts were followed by significant altcoin growth phases. The structure suggests that 2025 could see another extended rally, with the potential to push the ratio above the 1.0 level for the first time since the 2021 peak. Analysts observe that historical cycles lasted multiple years, reinforcing the relevance of this technical setup for the upcoming quarters.
While the broader ratio highlights structural change, Terra Classic is showing short-term weakness. The token is priced at $0.00005353, reflecting a 2.17% decline over the past 24 hours. Its current market capitalization is $294.72 million, with a fully diluted valuation of $347.31 million.

Trading activity on the last day registered $6.42 million in volume, a sharp 29.14% decline. Circulating supply stands at 5.5 trillion LUNC, out of a total 6.48 trillion. The supply cap remains uncapped, with no defined maximum limit. These figures emphasize the large token float that continues to impact price behavior, especially during periods of reduced market participation.
The outburst in the altcoins-to-Bitcoin ratio is consistent with the expectations of a new drive in the fourth quarter of 2025. There is a historical reference point, especially the rallies of 2017 and 2021, which gives the anticipation of more volatility.
LUNC is still in the context of that wider picture given that investors consider whether the drying volumes and tightened prices can stabilize. At the same time, the market-wide ratio offers a lens into potential shifts in altcoin dominance. With structural changes already visible, attention remains fixed on how the final months of the year could shape the next cycle.