#AltcoinSeasonLoading
AltcoinSeasonLoading (Altcoin Season) is a period during which alternative cryptocurrencies (Altcoins) outperform Bitcoin, often due to increased market sentiment, rapid price rises, and an increase in their dominance in the cryptocurrency market.
*To determine if the altcoin season has started:*
- We can look at the performance of the top altcoins compared to Bitcoin over the past 90 days.
- According to the Altcoin Season Index (CMC Altcoin Season Index), an altcoin season is defined as when 75% of the top 100 coins outperform Bitcoin.
*Current market sentiment:*
- The Altcoin Season Index (CMC Altcoin Season Index) provides instant insights on whether the market is in an altcoin season.
- Another indicator suggests that we are currently in "Bitcoin Season" with a score of 24, indicating that Bitcoin is dominating the market.
*Key characteristics of the altcoin season:*