CandleFocus Bitcoin Blazes Ahead, But Altcoins Steal the Show – Is ‘Altcoin Season’ Finally Here?
2024-11-11
Author: Content Editor
Bitcoin has been climbing and reaching new record highs, but alternative cryptocurrencies have been outpacing it, leading to speculation of an upcoming altcoin season. Some altcoins, such as cronos and dogecoin, have experienced significant gains recently. While social media accounts are hyping up altcoin season, the Altcoin Season Index (ASI) currently indicates that it is not yet altcoin season. The ASI needs to reach a score of 75 or higher for it to be officially considered altcoin season. However, altcoins like sui and dogecoin have shown notable gains during the past season, suggesting that the market dynamics may be shifting.
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