According to the Altcoin Season Index from blockchaincenter.net, an indicator signaling the arrival of the so-called ‘altcoin season,’ the time has indeed come for altcoins. This metric essentially demonstrates that 75% of the leading 50 altcoins have outperformed bitcoin in the past 90 days. Altcoins Ascend as Index Points to Season’s Entry In early December 2023, a multitude of cryptocurrency enthusiasts eagerly anticipated the possible onset of altcoin season. Reporting on this trending topic at the time, Bitcoin.com News referred to blockchaincenter.net’s Altcoin Season Index, which rated a 47 out of 100.
This indicated that as of Dec. 9, 2023, it wasn’t yet altcoin season, at least based on the index’s assessment. Today, however, the narrative painted by the measurement is entirely different. A preserved snapshot from blockchaincenter.net’s index on Jan. 14, 2024, clearly declares “it’s altcoin season.” The index is positioned at 76 out of 100, with any score above 75 signaling an altcoin season.
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