CandleFocus

Altcoin Season Incoming? The Altcoin Season Index Hits 49

According to experts, there are observable signs that suggest a potential comeback for altcoin season. The Altcoin Season Index (ASI) currently stands at 49, indicating expectations for a change in the direction of the cryptocurrency markets. Historically, an ASI above 75 has signaled a favorable altcoin season, while below 25 suggests dominance by Bitcoin. The current position suggests a reversal of this trend. Altcoins have been gaining investments due to rising interest in DeFi, NFTs, layers, and institutional investments in assets other than Bitcoin. Altcoins offer higher volatility and growth prospects, attracting risk-loving investors. They also tend to provide higher returns on investments, although they come with higher risk and volatility compared to Bitcoin. The market is awaiting clear breakout signals as the ASI approaches the major levels of 300 and 500, which will determine whether there will be a full-fledged altcoin season or a return to Bitcoin dominance.

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