Let's talk about the altcoin season index.
Some people have mentioned that the index has reached 90, which has caused quite a bit of concern.
In reality, there’s no need to be so afraid because the altcoin season has only just begun.
The so-called altcoin index refers to the gains of the top 50 altcoins relative to BTC over the past 90 days.
It’s important to know that the main focus of the current market speculation is on large-cap altcoins, such as XRP, ADA, EOS, DOGE, and so on.
So, have the altcoins ranked lower increased in value?
No, they haven’t.
Does that mean the lower-ranked altcoins won’t be speculated on or that they won’t rise anymore?
Of course not. So, you can rest assured that the market is just getting started.
Only when the coins you hold experience a massive surge should you be cautious.
Moreover, this altcoin index itself is not comprehensive or precise enough; it would be more meaningful to consider altcoins ranked in the TOP 300 - 500.
Typically, the altcoin season lasts for 3 to 4 months or even longer, and we are currently less than 1 month in.
