COINTURK NEWS – Bitcoin, Blockchain and Cryptocurrency News and Analysis

Airdrop Is Live 🔥 CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com


Recently, the cryptocurrency market has experienced a slight rebound, with CoinMarketCap’s Altcoin Season Index rising from its recent low. The index, which dropped to a low of 13 points, has recovered to 18 points, currently standing at 16. However, these values remain significantly below the mid-February average of 43 points. The index reached its highest point of 87 in December 2024 and has since followed a downward trend.

Noteworthy Altcoins in the Last 90 Days

Despite a general decline in the market over the past three months, certain altcoins have outperformed Bitcoin $87,642. According to CoinMarketCap data, only 15 of the top 100 altcoins gained more value than Bitcoin during this period. Among the standout altcoins are BERA, FORM, IP, OM, TRUMP, GT, DEXE, XMR, XAUt, PAXG, XRP, OKB, LEO, CAKE, and KCS. Notably, BERA’s price soared over 700%, FORM’s over 460%, and IP’s over 110% during this time.

Bitcoin and Noteworthy Altcoins

The interest in altcoins like BERA and FORM is attributed to their strong project fundamentals and ecosystem expansions. Additionally, projects such as IP and OM have distinguished themselves positively through recent partnerships and announcements. The TRUMP coin also gained attention due to the influence of the U.S. President and social media factors over the last three months. Altcoins like XAUt and PAXG have risen in status due to the recent increase in gold prices.

Bitcoin Season in Full Swing

The current index value of 16 indicates that the market remains dominated by Bitcoin. Bitcoin’s high market dominance suggests that investors are opting for the perceived safety of BTC, avoiding risks. The price movements of Bitcoin and its impact on the market will continue to play a crucial role in determining the index’s future direction.

Bitcoin and Altcoin Index

However, it is clear that the interest in Bitcoin will limit the recovery of the altcoin market. If market conditions improve overall, interest in altcoins may increase again, leading to a more pronounced rise in the index.

What is the Altcoin Season Index?

The Altcoin Season Index is an indicator used to measure market interest in cryptocurrencies outside of Bitcoin. It calculates how many of the top 100 altcoins have outperformed Bitcoin over the last 90 days. A higher number indicates greater investor interest in altcoins. An index above 75 is termed “Altcoin Season” while falling below 25 is interpreted as a Bitcoin-dominated market.

The strengthening of altcoins typically occurs when investors shift profits from Bitcoin to riskier, higher-return altcoins. As this process unfolds, altcoin prices rise rapidly, while Bitcoin’s market share declines.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.



Source link