The altseason in the cryptocurrency world is a period when the growth in the value of second-tier cryptocurrencies (Ethereum, DOGE, PEPE, Tron, Fantom, BNB, Solana and others) significantly outstrips the growth in the value of the first Bitcoin cryptocurrency. For example, during the altseason from February to May 2021, the cost of altcoins from the TOP 100 increased by an average of 130%, while Bitcoin itself rose in price by only 2%. As a rule, the predecessor of the altcoin season is a significant increase in the value of BTC itself, after which crypto investors fix profits in Bitcoin and transfer it to other cryptocurrencies, thereby giving a start to the altseason.
In 2024, as many may have already noticed, BTC has risen significantly in price, but the bulk of cryptocurrencies still have weaker indicators in the growth of their capitalization. Because of this, many crypto enthusiasts are waiting for a repeat of the situation in 2021, when lesser-known cryptocurrencies are noticeably starting to rise in price and overtake Bitcoin investments in terms of profitability. To make it easier for you to monitor the state of the market and not miss the start of the altcoin season, there is a special altseason index.
Altcoin season Index
The altseason index compares the increase in the price of Bitcoin with the increase in the price of the top 100 coins (excluding stablecoins) over the past 90 days. The index is expressed as a percentage. At the moment, the index has a value of 38%. This means that only 38 percent of cryptocurrencies are more successful than Bitcoin.
According to this indicator, a full-fledged altcoin season begins when this indicator exceeds the 75% mark.
You can follow the altseason index on the Coinmarketcap website at this link
Also here you can find out which cryptocurrencies were more successful than BTC, and which, on the contrary, are outsiders in this race.
