- https://www.blockchaincenter.net/en/altcoin-season-index/
- The website has 3 tabs for Altcoin season; Month; Year.
- The bottom line is you know if you join when it is already a season, a month, a year for altcoins, maybe you are late and are part of FOMO wave participants in the market. You must smell altcoin movements with the Index and enter early enough.
Altcoin season index
- Their method
If 75% of top 50 coins performed better than Bitcoin over the last season (90 days), it's Altcoin season.
The index is 65% now. We don't have an Altcoin season.
(https://i.ibb.co/xHvSN1f/Seasonindex1.png) (https://ibb.co/KwZjJ2L)
(https://i.ibb.co/gMpYwRz/Seasonindex2.png) (https://ibb.co/LzWK6Zn)
(https://i.ibb.co/R2j3BDZ/Seasonindex3.png) (https://ibb.co/gy4SPRH)
Altcoin month index
- Their method
If 75% of top 50 coins performed better than Bitcoin over the last season (30 days), it's Altcoin month.
The index is 78% now. We have an Altcoin month!
(https://i.ibb.co/vDtm9JN/Seasonindex4.png) (https://ibb.co/527vZ5Q)
(https://i.ibb.co/KXWzkbT/Seasonindex5.png) (https://ibb.co/yXqB1dH)
Altcoin year index
- Their method
If 75% of top 50 coins performed better than Bitcoin over the last year, it's Altcoin year.
The index is 37% now. We don't have an Altcoin year.
(https://i.ibb.co/TmpVn8T/Seasonindex6.png) (https://ibb.co/wM39bWL)
(https://i.ibb.co/9tFvbqK/Seasonindex7.png) (https://ibb.co/rsCtxZ8)
You can use alternatives like Trading View.
Last hours to say goodbye to 2023. I wish you a happy new year.
I would like to use this post to recap the year 2023 of cryptocurrency market too.
- Visit Altcoin season index website (https://www.blockchaincenter.net/en/altcoin-season-index/)
- Choose the tab Year.
You will see the Index value is 39 and see what does this value mean?
If 75% of top 50 coins performed better than Bitcoin over the last year, it's Altcoin year.
- Compare the Index value with their method to judge is it an Altcoin year or a Bitcoin year, we can conclude: It's a Bitcoin year.
How about the year 2024?
- It will be a Bitcoin year.
- With a Bitcoin halving will be around April. [1]
- Altcoins will have their season after Bitcoin kicks off its big bull run and hits its all time high
(https://pbs.twimg.com/media/E0aXMR2VIAAQbnF?format=jpg&name=900x900) (https://twitter.com/SecretsOfCrypto/status/1388967948979609603)
[1] https://www.bitcoinblockhalf.com/