#AltcoinSeasonLoading Altcoin Season is a period in which alternative cryptocurrencies (Altcoins) outperform Bitcoin, often due to increased market sentiment and rapid price surges as well as their increased dominance in the cryptocurrency market.
*To determine if the altcoin season has begun:*
- We can look at the performance of the top altcoins compared to Bitcoin over the last 90 days.
- According to the Altcoin Season Index (CMC Altcoin Season Index), the altcoin season is defined as when 75% of the top 100 cryptocurrencies outperform Bitcoin.
*Current market sentiment:*
- The Altcoin Season Index (CMC Altcoin Season Index) provides instant insights into whether the market is in an altcoin season.
- Another index indicates that we are currently in "Bitcoin Season" with a score of 24, indicating that Bitcoin dominates the market.
*Key characteristics of the altcoin season:*
- *Increased altcoin dominance*: Altcoins receive more attention in the cryptocurrency market.
- *Rapid price surges*: Altcoins experience significant price increases, often exceeding Bitcoin's growth.
- *Fear of missing out (FOMO)*: Market sentiment is usually bullish, driven by optimism about potential returns.