#Altcoins! #Polygon #bitcoin What is altcoin season?

Altcoin season is the time when Bitcoin, the king of cryptos, temporarily shares its throne as altcoins—every cryptocurrency other than Bitcoin — take center stage.

The basics of altcoin season

Altcoin season, or “altseason” as many like to call it, happens when altcoins outperform Bitcoin in terms of price growth. Generally, Bitcoin dominates the crypto market, like the sun dominating the solar system. But every so often, the altcoin stars align, and coins like Ethereum, Solana, or Polygon start to shine brighter.

Why does this happen? It often boils down to market dynamics. When Bitcoin sees a price surge, it attracts new investors into the crypto space. Once Bitcoin stabilizes or becomes less volatile, attention and capital flow into altcoins, sparking rapid gains as traders try to maximize profits.

The Altseason Index, a tool many crypto traders use, helps identify these windows. The closer this altseason indicator moves to 100, the deeper we are into altseason territory.