5 signs to identify the uptrend season of Altcoin coins

1. Bitcoin's Dominance Index tends to decrease

Bitcoin Dominance represents the ratio of Bitcoin's capitalization compared to the entire cryptocurrency market capitalization.

When this index begins to show signs of decreasing, it shows that Bitcoin capital is being used to buy Altcoins or that Altcoins are being purchased by new investors more than Bitcoin.

2. Market capitalization (Market Cap) of cryptocurrencies increases

If only Bitcoin's dominance index (Bitcoin Dominance) decreases but the total market capitalization does not increase, this may be a false signal for Altcoin season, conversely if Market Cap increases but Bitcoin's dominance index (Bitcoin Dominance) still does not decrease, it is not considered Altcoin season.

3. Altcoin Season Index increased

There is a special index to detect Altcoin season – Altcoin Season Index. One of the most important determining factors is the growth rate of Altcoins compared to Bitcoin over the past three months. If the ratio is 75%, prepare your pockets because this is a sign that Altcoin season is underway.

If 75% of the top 50 coins performed better than Bitcoin in the previous season (about 90 days) then it is Altcoin Uptrend Season.

4. Bitcoin Halving phase 3

Historically, most Altcoin seasons appear after strong price increases of Bitcoin, especially recently when Bitcoin just had its third Halving and was in a sideways phase. This is the golden time for Altcoin when there is a large amount of...#bitcoin #crypto #phodautufx

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