Summary
- The 'Altcoin Season Index' recorded 49, its highest level since mid-February of this year.
- This index shows the relative strength of altcoins (excluding Bitcoin) among the top 50 cryptocurrencies.
- Blockchain Center explained that if the index exceeds 75, it is regarded as entering a full-fledged altcoin bull market.
The 'Altcoin Season Index', an indicator signaling the potential strength of the altcoin market, has reached its highest level since mid-February this year.
According to Blockchain Center on the 18th, the Altcoin Season Index stood at 49 on this day. This index increases when, during a specific period, the majority of the top 50 cryptocurrencies (excluding Bitcoin) achieve higher returns than Bitcoin.
If the Altcoin Season Index surpasses 75, it is considered to mark the start of a full-fledged altcoin bull market.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
