Crypto_Market_Analyst

2024/04/15 02:46

Altcoin Season Index Inches Toward Magic 75

“I think that Altcoin Season is about to start any time soon,” claimed the X user ‘Mister Crypto’ on Saturday. This weekend, a significant number of posts on social media have been dedicated to Altcoin Season, a period when bitcoin’s (BTC) surge pauses, allowing a plethora of altcoins to achieve substantial gains. A user on X highlighted blockchaincenter.net’s Altcoin Season Index, which presently registers a score of 55.

“Altcoin Season Index is surging to 55,” an X user named GG wrote. “Buckle up, folks! When it hits 75, it’s fireworks time in the crypto market. Get ready to ride the wave of opportunity and capitalize on the explosive gains! Let’s make some serious profits,” GG’s hopeful social media post added.
Per the Altcoin Season Index, a score exceeding 75 is required to herald the much-discussed ‘Altcoin Season.’ In essence, this season arrives when over 75% of the top 50 cryptocurrencies outperform bitcoin (BTC) during the preceding season (90 days). In fact, the index score jumped from a low of 45 on April 3, to the current 55 mark achieved four days later on April 7.

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