Altcoin Rally Begins! Analysis Company Announced!
The Season Index created for Altcoins developed by Alphractal is created according to the price movements of the last 60 days. According to this data, only a few altcoins have currently been able to surpass Bitcoin's performance. However, the majority of these altcoins consist of projects that have just entered the market.
In contrast, there has not yet been a strong recovery signal in established altcoins that have been on the market for a long time.
The most striking part of the report is the Bitcoin vs. Altcoin Position Index. This chart visualizes the dynamics of dominance in the market through colors:
🔸️Orange zones: Periods when Bitcoin is dominant
🔸️Blue zones: Times when altcoins are gaining strength
🔸️Gray zones without signals: The best strategy may be to not invest in either side
According to Alphactal, the chart is currently mostly in the orange zone. This shows that BTC dominance is still strong and altcoins have not yet collectively attacked.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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