The Altcoin Season Index has shown a notable rise, moving from 35 to 41. This shift may indicate changing sentiments among investors towards altcoins.
Rise of the Altcoin Season Index
The Altcoin Season Index has risen from 35 to 41, indicating that 41 out of the top 100 cryptocurrencies have outperformed Bitcoin over the last 90 days. While the index needs to rise above 75 for an official start of 'altcoin season,' the current upward trend shows a growing interest in altcoins.
What This Means for Investors
Historically, altcoin seasons are characterized by price surges in many altcoins, often outperforming Bitcoin. The rising index may suggest to investors that it is time to diversify their portfolios and look at new assets like Ethereum and Solana.
How to Read the Altcoin Season Index
The index measures how many of the top 100 cryptocurrencies (excluding stablecoins) have outperformed Bitcoin over a 90-day period. A number above 75 indicates clear dominance of altcoins, while below 25 signifies Bitcoin's leadership. At 41, we are at a midpoint, but trending upward.
The rise of the Altcoin Season Index may indicate a new wave of interest in altcoins, which is significant for both short-term traders and long-term investors.
