$XRP

The Altcoin Season is a period where alternative cryptocurrencies (Altcoins) outperform Bitcoin, often due to increased market sentiment, rapid price increases, and growing dominance in the cryptocurrency market.

*To determine if the Altcoin Season has started:*

- We can look at the performance of the top altcoins compared to Bitcoin over the past 90 days.

- According to the Altcoin Season Index (CMC Altcoin Season Index), the Altcoin Season is defined as when 75% of the top 100 coins outperform Bitcoin.

*Current Market Sentiment:*

- The Altcoin Season Index (CMC Altcoin Season Index) provides instant insights into whether the market is in the Altcoin Season.

- Another indicator suggests that we are currently in the "Bitcoin Season" with a score of 24, indicating that Bitcoin dominates the market.

*Key Characteristics of the Altcoin Season:*

- *Increased Dominance of Altcoins*: Altcoins are gaining significance in the cryptocurrency market.

- *Rapid Price Increases*: Altcoins experience significant price hikes, often exceeding Bitcoin's growth.

- *Fear of Missing Out (FOMO)*: Market sentiment is usually bullish, driven by optimism about potential returns.

$BNB