CandleFocus 2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum
2024-11-24
Author: Content Editor
The Altcoin Season Index (ASI) suggests that Altcoin Season, a phase in the cryptocurrency market where alternative digital assets outperform bitcoin, may be approaching. The ASI score, which measures the performance of the top 50 coins against BTC over the past 90 days, has been climbing towards the critical threshold of 75. As of November 24, the ASI score stood at 39, indicating that several altcoins have outperformed BTC this season. Notably, XLM, DOGE, and OM have seen significant price growth. If the ASI score surpasses 75, it could usher in a new era of altcoin predominance and reshape trading patterns in the crypto market. This highlights the growing readiness for diverse investment avenues beyond bitcoin.
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