Time for altcoins, huh?
According to blockchain statistics, the altcoin season index may rise even more.
Altcoins may see a rapid increase in value due to the upcoming US presidential election.
A cryptocurrency market expert predicts that the current cycle will mirror the 2017 and 2021 altcoin seasons.
During the âaltcoin season,â the price of cryptocurrencies other than Bitcoin will rise significantly. According to blockchain statistics, the altcoin season index may see even more growth in the future. The upcoming US presidential election, as well as the predictions of crypto expert Moustache, suggest that the current cycle may repeat the 2017 and 2021 altcoin seasons, possibly leading to a rapid increase in altcoins. Additionally, when the US Federal Reserve (Fed) cut interest rates by 50 basis points on Wednesday, Santiment data shows that Bitcoin and other altcoins saw their prices rise.
blockchaincenter.net to find out if it is Bitcoin season or altcoin season. Money flows into Bitcoin from altcoins if the index is less than 25, indicating that Bitcoin is doing well compared to altcoins.
