Talking about the altcoin season indicators, some people say the indicators have all reached 90, which is quite scary.
Actually, there's no need to be afraid; the altcoin season has just begun.
The altcoin index represents the growth of the top 50 altcoins relative to BTC over the past 90 days. Note that it’s the top 50; everyone knows that the current speculation is on large-cap altcoins like XRP, ADA, EOS, and DOGE.
So have the lower-ranked altcoins risen? No, they haven’t. Does that mean the lower-ranked altcoins are not being speculated on? Will they not rise later? Of course not. So just relax; the market has just started.
You’ll only need to panic when the coins in your hands skyrocket. This altcoin index isn’t very comprehensive or accurate; it should actually focus on the market cap of the top 300-500 to be meaningful.
Generally, the altcoin season lasts for more than 3-4 months, and currently, it’s been less than a month.