Despite the altcoin season index being very high, having surpassed the threshold of 75 points yesterday indicating the transition into altseason, there are several altcoins that are not performing particularly well.
One of these is Tron, while one of those that is performing better among the main ones is Avalanche.
Today the altcoin season index has returned below 75 points, but just slightly, indicating that many altcoins are continuing to significantly outperform Bitcoin in recent weeks.
The Trend of Avalanche
Avalanche is the real surprise of recent times.
In fact, among the top twenty cryptocurrencies by market capitalization, it is the one whose price has recorded the best performance in the last thirty days: +49%.
With its +20% in the last seven days, it indicates that it has been growing significantly for more than a week now, and this is somewhat surprising because in previous years it had suffered a lot.
Sure, it is still at -76% from the all-time highs of four years ago, but at least it has finally recorded a significant rebound.
During the bear-market of 2022, it plummeted from the all-time highs recorded above $145 to even less than $10, and it remained there until the end of 2023.
At the beginning of 2024, it seemed to have recorded a good rebound, with a rise up to over $55, but in the following months, it fell back to just over $20.
Even the Trump-trade at the end of 2024 wasn’t much, as that second rebound stopped at $50, with a new decline during 2025 even down to $16.
In other words, if the low of 2024 was higher than that of 2023, that of 2023 was lower than that of 2022, and that of 2025 was lower than that of 2024.
Therefore, what is currently happening is the third attempt at a rebound after the end of the bear-market, but even this time it has barely managed to return to 34% so far.
In the medium-short term, it is performing well, but not in the medium-long term, and in the long term, it is performing well only because the last major bull run started from the 5$ mark at the end of 2020.
One could summarize this situation by saying “good, but not great”.
The Trend of Solana
A very different discourse is that of Solana.
Although in the last thirty days it is at +32%, compared to Avalanche’s +49%, not only did it register a new all-time high at the beginning of this year, but it is currently just 18% below it.
Taking as a reference the approximately $160 just before the Trump-trade, after the boom due to the memecoin (and in particular Trump’s), which drove the price above $290 in January 2025, in the following months it had plummeted to just over $100.
It should still be remembered that at the beginning of 2023 it was at $20, and that the peak maximum of 2021 was below $250.
In June of this year, it had risen to $130, but starting from July, it began a rally, which seems to be still ongoing, thanks to which it returned above $240.
In particular, in the last seven days, it remains at +1%, highlighting how most of the movement occurred during the previous weeks.
Note that it had already risen significantly in July, while in the first week of August it experienced a brief but important correction. However, starting from the second week of August, it entered a rally that saw almost no pauses until yesterday.
In some ways, Solana has taken users away from Avalanche, because in 2021 it wasn’t around, and back then many users were utilizing DeFi protocols on Avalanche. Now, moreover, there are also HyperLiquid and Sui draining users from Avalanche, so it should not be surprising that the price of Solana continues to perform substantially very well, while that of Avalanche is struggling a bit.
The Trend of Tron
The price of Tron, on the other hand, is roughly at the same level as seven days ago, and is at -1% compared to thirty days ago.
Tron usually follows its own path, which primarily consists of long periods of lateral movement. Not even the ongoing semi-altseason has managed to move it from $0.35.
It must be said, however, that it had already risen significantly before, with the all-time high recorded in December 2024 above $0.44.
Already in the second half of December, however, it had fallen below $0.25, and there it essentially remained until May 2025.
At that point, it had then risen to $0.27, and it remained there until July.
Between July and August, it marked a rally, slow and contained, which brought it to $0.35, and since then it has essentially remained there.
This trend is typical of Tron, so one should not expect it to behave much differently in the future, unless a true and significant altseason occurs.
Source: https://en.cryptonomist.ch/2025/09/19/tron-avalanche-and-solana-divergent-performance/