Bittime projects that an altcoin season or altseason will take place in the near future. This is considered to be able to enliven the crypto asset market ahead of the Bitcoin halving event.
The altcoin season or altcoin season is one of the cycles that occur in crypto assets. Apart from the altseason, there is also a Bitcoin season cycle which indicates an increase in the performance of the crypto asset Bitcoin (BTC).
The term two seasons or cycle is used in periods where the crypto asset market experiences an increase in value. Historically, these two cycles usually occur alternately. Because, psychologically, the increase in the value of crypto assets usually will not last in the long term.
CEO of Bittime Ryan Lymn said, based on Blockchain Center data, currently the Altcoin Season Index shows that the altseason is near. For your information, the Altcoin Season Index is calculated if 75% of the top 50 coins performed better than Bitcoin during the previous season (90 days).
"Currently, the Altcoin Season Index shows a figure of 76 out of 100, which means we are getting closer to the altseason. Market players should start preparing to use this momentum to improve portfolio performance
