Hold on to your hats, crypto fam! The latest data from CoinMarketCap is screaming potential altcoin season. The CMC Altcoin Season Index just hit 24! What does this actually mean? Well, it’s a pretty clear sign that altcoins are starting to seriously outperform Bitcoin.
Photo source:www.blockchaincenter.net
Specifically, over the last 90 days, a whopping 24 of the top 100 cryptocurrencies by market cap have seen gains that Bitcoin could only dream of. That’s a serious divergence. It’s about damn time, honestly! Bitcoin’s had its fun, now it’s the altcoins’ turn to shine.
Let’s break down what the Altcoin Season Index actually represents:
This index isn’t some arbitrary number; it meticulously tracks the performance of the top 100 altcoins. When more than 25% of these coins outperform Bitcoin over a 90-day period, the index surpasses 24, signaling the potential start of altcoin season.
Historically, an index of 24 is a strong indicator. It doesn’t guarantee a full-blown, moonshot altcoin rally, but it strongly suggests that the smart money is starting to rotate out of Bitcoin and into smaller, higher-risk, higher-reward assets.
Essentially: diversification is your friend. Don’t put all your eggs in one (Bitcoin) basket! Do your research, identify projects you believe in, and get ready for what could be a wild ride. Because let’s be real, after a long Bitcoin dominance, some altcoins are seriously undervalued and ripe for the picking.
