Altseason 2024: Are We on the Brink of a New Boom in Altcoins?
The chart indicates that we are at a level of 78 on the Altcoin Season index, suggesting that we are in a phase where altcoins significantly outperform Bitcoin. This high level has not been observed in recent months and marks a critical transition point in the crypto market. But what does this behavior really imply, and what can we expect from here on?
Context of Altseason
The 'Altcoin Season Index' measures the performance of altcoins against Bitcoin over a given period. A value above 75 indicates an altseason, while values below 25 suggest a clear dominance of Bitcoin.