Digital assets that differ from cryptocurrency markets, or Bitcoin (BTC), show cooling signals.
When will this period occur? 75% of the main 50 cryptocurrencies exceed Bitcoin performance The past 90 days.
The reference thermometer determines whether the market is in AltSeason or not the Altcoin Season Index.
At the time of publication of this memo, the indicator will score 67 points. In other words, 67% of the most relevant cryptocurrencies perform better than BTC.
That’s what you need to be careful about Measurements do not include stablecoins or tokenized versions of BTC or ether (ETH)native to Ethereum, Como WBTC or Steth.
Over the past 90 days, 33 cryptocurrencies have beaten BTC with performance, leading ZCASH (ZEC) to their heads.
Cryptonotics reported that the AltSeason Index reached 84 points in September. But BTC has regained the ground And finally, the market avoided entering the “disturbed happiness” phase.
This is called because speculative demand is triggered and traders can make a big profit, but a significant loss is exposed.
The risk is that prices rise without a solid foundation to support that impulse.
but, The beginning of the “up-to-bar” of the historically bullish and highly liquid mooncan boost the new sustained alto season.
(tagstotranslate)altcoins
