Recently, CoinMarketCap's Altcoin Season Index has started showing signs of recovery. While current values remain below the February average, this could signal potential market changes.
Noteworthy Altcoins in the Last 90 Days
Over the past three months, some altcoins have outperformed Bitcoin. According to CoinMarketCap data, only 15 of the top 100 altcoins gained more value. Standouts include BERA, FORM, IP, OM, TRUMP, and others. Noteworthy are price surges like BERA's over 700% increase. Projects attract attention due to strong fundamentals, ecosystem expansion, and recent partnerships.
Bitcoin Season in Full Swing
The current index value of 16 indicates Bitcoin's market dominance. BTC's high dominance suggests a preference for safer investments by investors. However, this limits the altcoin market's recovery. If market conditions improve, interest in altcoins may rise.
What is the Altcoin Season Index?
The Altcoin Season Index measures market interest in cryptocurrencies other than Bitcoin. An index above 75 denotes an active altcoin season, while below 25 indicates Bitcoin dominance. Altcoins strengthen when investors shift from Bitcoin to riskier assets, aiming for higher returns.
The current state of the Altcoin Season Index suggests instability but also potential for increased interest in altcoins. Focus should be on market condition changes and investor strategies.
