The Altcoin Season Index has reached 65, indicating a possible onset of altcoin season as Bitcoin's dominance decreases.
Rise of the Altcoin Season Index
The Altcoin Season Index currently stands at 65, approaching the threshold of 75, which traditionally signifies the start of altcoin season. The index is based on a 90-day performance comparison between altcoins and Bitcoin. If 75% of the top 50 altcoins outperform Bitcoin during this period, it is considered that altcoin season has begun.
Bitcoin Dominance Trends
Data indicates that Bitcoin's dominance is declining, which historically signals the start of stronger performance from altcoins. Analyst Lofty notes that current patterns mirror those observed in 2017 and 2021, both of which preceded significant altcoin rallies.
Analyst Predictions
Analyst Carl Moon has expressed that 'altcoin season will start next week,' reflecting increasing investor interest in altcoins. Lofty further emphasizes that the current scenario could lead to altcoins experiencing a rise of 150-175x, highlighting the importance of diversifying investments.
Current trends suggest that altcoins are gaining a stronger footing as Bitcoin's dominance wanes. Investors aiming for higher returns are increasingly diversifying their portfolios into altcoins.
