🟡 What is altcoin season?
Altcoin season: This occurs when altcoins generate higher returns than Bitcoin over a certain period. This may indicate that investors are becoming more interested in altcoins than Bitcoin.
🟠 Scheme explanation:
🔸️ Main indicator (73)
Indicates that the market is close to the Altcoin Season. If the indicator is above (75), the market is considered to have entered the Altcoin Season. If the indicator is below (25), the market is considered to be in the Bitcoin Season. Values between 25 and 75 mean a relative balance between the performance of Bitcoin and altcoins.
🟠 Graph:
It shows the changes in the indicator over time, at the moment, the indicator is high (73) which means that altcoins are starting to outperform Bitcoin in terms of performance.
🟡 How can you benefit from the altcoin season?
At this time it may be a good time to consider investing or trading in altcoins, as they are expected to perform stronger.
But you should always follow the market carefully, because rapid changes are possible in the world of cryptocurrencies.
🟡 The most popular alternative currencies:
1. Ethereum (ETH)
The second largest cryptocurrency by market cap. It is a platform for smart contracts, decentralized finance (DeFi) applications, and non-fungible tokens (NFTs).
2. BNB
The native currency of the Binance platform. It is used to lower trading fees and is also part of multiple projects such as Binance Smart Chain.
3. Cardano (Cardano - ADA)
A platform that supports smart contracts and aims to provide a sustainable and highly efficient system. Known for its scientific technology and partnerships with institutions.
4. Solana (SOL)
A platform that focuses on speed and processing power. It is a good choice for projects that need fast transactions at low costs.
5. Polkadot (DOT)
A project that aims to connect different blockchain networks to work together seamlessly.
6. Ripple (Ripple - XRP)
It is used to facilitate cross-border money transfers. It focuses on cooperation with banks and financial institutions.
7. Litecoin (LTC)
It is considered an improved version of Bitcoin, with faster transaction processing and lower fees.
8. Tron (TRX)
It aims to create a decentralized entertainment system that allows users to share content directly without an intermediary.
9. Polygon - MATIC
A scalable solution for Ethereum that improves the speed and efficiency of the network at low costs.
10. Avalanche (AVAX):
A platform that supports smart contracts and is known for its high speed and scalability.