What Does it Means for the Crypto Market?
The current state of the cryptocurrency market is indicating a blend of seasons, as reflected by the CoinMarketCap (CMC) Altcoin Season Index scoring 35 out of 100. This value suggests the market is closer to a Bitcoin season rather than an Altcoin Season . Key for investors seeking to navigate the market’s upcoming changes is comprehending this dynamic.
What Does the Current Altcoin Season Index of 35 Indicate?
The Altcoin Season Index measures the top 100 altcoins’ performance compared to Bitcoin in the past 90 days. Altcoin Season is defined as when altcoins outperform Bitcoin by 75%. On the flip side, if less than a quarter of altcoins outperform Bitcoin, it is known as…
