Discussion on the ‘Old Altcoins’ Expected to Reach New Highs in This Round of Bull Market
Against the backdrop of Bitcoin struggling to break through the $100,000 mark and entering a phase of consolidation, market funds are showing a trend of flowing into altcoins, with various altcoins experiencing a series of significant price surges.
According to the ‘Altcoin Season Index’ compiled by Blockchain Center, if 75% of the top 50 altcoins have outperformed Bitcoin in market performance over the past 90 days, it indicates that the altcoin season has arrived.
In the current situation, this index has shown a sharp rise in the past few days, successfully breaking through the key threshold of 75, climbing to 78.
This data indicates that within the past 90 days, as much as 78% of the top 50 altcoins have outperformed Bitcoin in market performance. Based on the criteria of this index, the current market environment is in an altcoin season.
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