Hello my fellow bloggers! This will be a short post to brighten your day a little bit as markets bleeds. We have officially started our spring Altcoin Season!
What is an Altcoin Season?
If 75% of the Top 50 coins performed better than Bitcoin over the last season (90 days) it is Altcoin Season. You can track this using Altcoin Index. When it breaks 75 point line, we are officially at Altcoin season.
This is the first Altseason since August-September 2020
Source
The current value is 78! The market haven’t reached this mark since September 2020. As BTC is going sideways without any significant breakthroughs, alts are starting to pump! Steem and Hive are celebrating this event with a significant increase in price. Current deep is still small compared to previous gains. In spring 2020 Altseason index also touched 75 point level. Yet it wasn’t able to break through it and already in May 2020 we found ourselves in Bitcoin season. This time I hope we will see a solid altseason lasting for 3-4 weeks.
What do you think about Altseason? Will you buy, sell or hodl alts? Let me know in the comment below!
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Disclaimer
I’m not a financial of any kind. I encourage you to check all information yourself and make decision only based on your own opinion. All articles are created for solely entertainment purpose.
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Well, this definitely makes us very happy! . You can see that there is always a cycle for all these periods and I think this time it will last a little closer to 2 months.
Hopefully there are not very strong corrections and that I managed to give stability to most of the currencies.
I thank you very much for citing this page which mentions the indexes as it can serve as a great guide.
Good news!
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