Hold on to your hats, crypto fam! The CoinMarketCap Altcoin Season Index is currently flashing a 35 – a serious uptick of 11 points from last week’s average. What does this mean? Well, it means we’re seeing a significant shift in the market dynamic. For the uninitiated, this index tracks how many of the top 100 cryptocurrencies (by market cap) are outperforming Bitcoin.
Currently, roughly 35 out of those 100 altcoins have seen gains that blow Bitcoin’s performance out of the water over the last 90 days. That’s a clear signal! We’re sniffing a potential altcoin season, folks.
Let’s break down what this index represents. It’s a pretty straightforward metric. If more than 75% of the top 100 altcoins are showing gains higher than Bitcoin, we’re officially in Altcoin Season. 35 is a good, strong signal getting us closer!
Historically, altcoin seasons follow Bitcoin’s big moves. Bitcoin pumps, creates liquidity, and then investors start looking for the next big thing – sending altcoins soaring. It’s a beautiful, brutal cycle, but one we need to understand.
Don’t get me wrong, this doesn’t mean Bitcoin is dead. Far from it. But it does mean opportunities are opening up to diversify and potentially snag some HUGE gains in the altcoin space. I’m not saying go all-in, but pay attention! It’s time to do your research and get ready. I’m freaking excited about this, are you?!
