Is the Altcoin Season Coming? Market Observation and Altcoin Index Analysis Regarding altcoins, many believe that the altcoin season has indeed arrived, and a prominent figure has predicted that December 23 will be the starting point of the altcoin season. In fact, some altcoins have already seen gains exceeding those of Bitcoin and Ethereum. However, whether we have truly entered the altcoin season still requires more observation of the market.
However, simply judging that we are in the altcoin season based on the time scale is not sufficient, so do not blindly follow the trend.
From my personal perspective, the altcoin season may come, but it might not start until next month. Therefore, at this stage, we can prioritize bottom-fishing altcoins, but we need to have enough patience to wait.
During the Christmas period, the overall market is expected to maintain a wide range of fluctuations. In this case, we still have the opportunity to bottom-fish altcoins again, and everyone must seize this opportunity!
Currently, the altcoin index is at the level of 49, which is not particularly low, nor particularly high. Therefore, whether we have truly entered the altcoin season still requires time for observation. From historical experience, it is rare for the altcoin index to rise directly against the trend after falling from a high position; it generally requires Bitcoin to rise further to potentially lead to an explosion in altcoins.