Hold on to your hats, crypto fam! The CoinMarketCap Altcoin Season Index is currently clocking in at 15, and that, my friends, is a signal we NEED to pay attention to. For those unfamiliar, this index basically tells us how many of the top 100 cryptocurrencies are outperforming Bitcoin.
Right now, roughly 15 of the top 100 alts have seen gains that leave Bitcoin in the dust over the last 90 days. Fifteen! That’s a significant number, and it’s starting to scream ‘altseason’ – the magical time when the altcoins finally wake up and run!
Let’s break down what the Altcoin Season Index actually means. It’s a relatively simple metric. When the index hits 75 or above, it generally means we’re firmly in altseason. While 15 isn’t there yet, it’s a clear indication the momentum is shifting.
Think of it like this: Bitcoin often leads the charge, setting the overall market mood. But eventually, smart money starts looking for higher-potential gains elsewhere… and that’s where the altcoins come in. They offer opportunities for explosive growth – but also come with much higher risk, so don’t go all-in!
Historically, periods after Bitcoin consolidates, or even experiences slight dips, are prime breeding grounds for altseason. We might just be setting up for another one right now. Be prepared, do your research, and don’t FOMO into anything you don’t understand. This could be a wild ride!
