Altcoin Season is here!
The Altcoin Season Index has officially hit 70 points, indicating a potential shift in market dynamics.
This means that over 70% of the top 100 cryptocurrencies are outperforming Bitcoin.
The Altcoin Season Index is a metric used to determine whether the cryptocurrency market is favoring altcoins over Bitcoin. It measures the performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) against Bitcoin over a 90-day period.
Altcoin Season: When the index is above 70, it indicates that over 70% of the top 100 altcoins are outperforming Bitcoin. This is often referred to as “altcoin season.”
Bitcoin Season: When the index is below 30, it indicates that Bitcoin is outperforming the majority of altcoins. This is referred to as “Bitcoin season.”
The Altcoin Season Index is a useful tool for investors and traders to assess market sentiment and identify potential investment opportunities. However, it is important to remember that it is just an indicator and should be used in conjunction with other analysis tools.
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