The altcoin season indicator in the cryptocurrency market has reached a value of 45 out of 100. This indicates that a full altcoin season has not yet begun, but many altcoins are showing better performance than Bitcoin.
Altcoin Season Indicator
According to the altcoin season index, an 'altcoin season' is defined as a period when more than 75% of altcoins outperform Bitcoin. Currently, this indicator stands at 45, suggesting an early stage of altcoin growth.
Comparison with Bitcoin
Bitcoin, having recorded a growth of 2.13% over the last 90 days, significantly lags behind the growth of several altcoins. The top-performing among them include:
* OCD: 254.67% * PENGU: 135.74% * AERO: 121.62% * CFX: 96.92% * ETH: 72.91% * MORPHO: 69.47% * CRO: 63.05% * ENA: 60.43% * MNT: 59.28% * UNI: 55.92% * LINK: 54.55% * LDO: 45.99% * SPX: 36.33% * XLM: 35.44% * IP: 33.82%.
Conclusions on Current Situation
With recent attacks particularly in the Ethereum network, the price of ETH rose above $4,900. As altcoins show such dynamics, monitoring them in the current situation becomes especially important.
The altcoin season indicator at 45% and the growth of altcoins compared to Bitcoin highlight a potential shift in the cryptocurrency market, emphasizing the importance of further analysis.
