#AltcoinSeasonLoading Altcoin Season is the period when altcoins (alternative digital currencies) outperform Bitcoin, often due to increased market sentiment and rapid price increases as well as their growing dominance in the digital currency market.
*To determine if the altcoin season has started:*
- 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 currencies outperform Bitcoin.
*Current market sentiment:*
- The Altcoin Season Index (CMC Altcoin Season Index) provides instant insights into whether the market is in altcoin season.
- Another index indicates that we are currently in "Bitcoin Season" with a score of 24, suggesting that Bitcoin dominates the market.
*Key characteristics of altcoin season:*
- *Increased dominance of altcoins*: Altcoins are gaining significance in the digital currency market.