Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: sirty143 on January 15, 2024, 01:43:53 PM

Title: Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Perfo
Post by: sirty143 on January 15, 2024, 01:43:53 PM
Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Performance

(https://i.imgur.com/8eW6PXYm.jpg)

According to the Altcoin Season Index from blockchaincenter.net, an indicator signaling the arrival of the so-called ‘altcoin season,’ the time has indeed come for altcoins. This metric essentially demonstrates that 75% of the leading 50 altcoins have outperformed bitcoin in the past 90 days. See more for yourself here (https://news.bitcoin.com/altcoin-season-index-signals-arrival-top-tokens-eclipse-bitcoins-market-performance/).

Your opinion is greatly appreciated.

Title: Re: Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Perfo
Post by: Gurujebs on January 15, 2024, 01:54:08 PM
Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Performance

According to the Altcoin Season Index from blockchaincenter.net, an indicator signaling the arrival of the so-called ‘altcoin season,’ the time has indeed come for altcoins. This metric essentially demonstrates that 75% of the leading 50 altcoins have outperformed bitcoin in the past 90 days. See more for yourself here (https://news.bitcoin.com/altcoin-season-index-signals-arrival-top-tokens-eclipse-bitcoins-market-performance/).

Your opinion is greatly appreciated.

From the evolutions of altcoins, they don't move on the same ladder with Bitcoin, it just like 1% gain in bitcoin increase is equivalent to 10% increase in altcoins and that's why the growth can never be the same. By the way, the speculations surrounding bitcoin is always macro due to the continues increase of institutional investors interested while altcoins development lies within a micro factor. A small tweets from an altcoins can upset it's market in few minutes but we can't do the same for Bitcoin.

Even with this development, we will see more growth on altcoins, what he have had right now is only pre-pump season. When the halving is done and the storm behind th halving is over, there is this altcoin season that we can have for about a month and the crypto space will be alt seasons throughout until the tops are reach.
Title: Re: Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Perfo
Post by: Aanuoluwatofunmi on January 15, 2024, 01:54:32 PM
Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Performance

(https://i.imgur.com/8eW6PXYm.jpg)

According to the Altcoin Season Index from blockchaincenter.net, an indicator signaling the arrival of the so-called ‘altcoin season,’ the time has indeed come for altcoins. This metric essentially demonstrates that 75% of the leading 50 altcoins have outperformed bitcoin in the past 90 days. See more for yourself here (https://news.bitcoin.com/altcoin-season-index-signals-arrival-top-tokens-eclipse-bitcoins-market-performance/).

Your opinion is greatly appreciated.

It was only said, but we aren't seing the results yet because most of the markets are falling, though some are rising now but checking on the overall performances, we cannot say they we are yet in their season, not even when the bitcoin price is going dip in most cases, but there's this certainty for a bull market sooner even though we may not be accurate about when is this going to happen precisely, but there's going to be a season for the altcoins to show how good they can perform, especially after the halving.
Title: Re: Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Perfo
Post by: trendcoin on January 15, 2024, 07:01:54 PM
I don't think it's surprising to see such data considering the last 90 days of performance, because during this period the Bitcoin price has remained stable and the dominance has weakened a bit (in fact, it has not remained stable throughout, but it has oscillated within a certain price range in the last 45 days). It's been a good period for altcoins. I don't have strong predictions because I think the market is still a little bit uncertain, but I think altcoins will perform much better. That's why I find the signals of the altcoin season index valuable.
Title: Re: Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Perfo
Post by: electronicash on January 15, 2024, 09:56:43 PM

can't say its not true despite only 50 altcoins out of the 2M altcoins are outperforming BTC's growth. but the pattern in every bull run is that whenever BTC price goes up, all the rest off the altcoins go up.

its the ETH that i think the index signal should be looking into. ETH is also pulling up the prices of tokens whenever ETH price shoots to mars.  the altcoin season index signal i think is more appropriate to compare with ETH market performance.
Title: Re: Altcoin Season Index Signals Arrival — Top Tokens Eclipse Bitcoin's Market Perfo
Post by: hasyurt on January 16, 2024, 11:47:28 AM
Since the day I entered the cryptocurrency industry (since 2017)
I can say that I have always been interested in altcoins.
The important thing in the altcoin season is to catch the trend. For example, while DGB, XLM and XRP were very prominent in 2017, they are not now.
Defi came into our lives 2-3 years ago and defi became the trend. Now it is necessary to follow these projects such as web3, AI, BRC20, SRC20.
Defi and Meme tokens will also work.