Did you know about the Altcoin speculation Index & Altcoin Season Index? Read to know more…
Altcoin season, also known as altseason, typically occurs when the prices of alternative cryptocurrencies soar significantly higher & outperform Bitcoin✨
A surge in market activity, trading volume, & overall bullish sentiment toward altcoins summarize the beginning of the altseason. It is not a fixed event & can vary in duration and intensity
Previous altseasons have witnessed remarkable surges in various altcoin prices, with some experiencing exponential growth within relatively short periods. Examples of notable altseasons are the bull runs of 2017-2018 and 2020-2021
In the last altseason of 2021, markets surged as a result of lower interest rates, meaning investors deployed capital away from banks and looked for higher-return investment
A special mention for the Altcoin Speculation Index & Altcoin Season Index… what is it?🤨
👉🏻Altcoin speculation Index: This index measures the percentage of altcoins with 90-day returns greater than BTC. High readings suggest mounting speculation. Low readings suggest capitulation & potentially greater investment in altcoins
👉🏻Altcoin Season Index: This index aggregates data from the top 50 altcoins & analyzes their price movements to determine whether an altcoin season is underway
Investors can use these indices as a tool to gauge the overall health & momentum of the altcoin market, helping them make informed investment decisions.
When the altcoin season index is at a reading of 75% & above, it is a sign that an altseason has started. Currently, it is at 22%, according to the Blockchain Center
Investors are gearing up for the next altseason.
Although it offers profit opportunities, investors should exercise caution, conduct thorough research, & be prepared to navigate the risks associated with volatile market conditions
Stay informed with market trends & build sound investment strategies
When the next cycle begins, you can capitalize on the opportunities
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