Altcoin season index 27…Expectations↑ as the upward trend continues

High possibility of an upcoming Altcoin season (Source: CoinMarketCap)

The ‘Altcoin season index,’ which can gauge the temperature of the virtual asset market, rose 5 points from the previous day to record 27. This index is provided by CoinMarketCap, and is calculated by comparing the price increase rate of the top 100 cryptocurrencies by market capitalization (excluding Stablecoins and Wrapped coins) over the past 90 days to Bitcoin.

If the index is 75 or more, it is considered Altcoin season, and if it is 25 or less, it is considered Bitcoin season. The current figure is interpreted as a signal of a gradual recovery, although it is difficult to say that the Altcoin market has actually entered a full-blown season yet.

In particular, as major Altcoins have recently shown relative growth compared to Bitcoin, expectations for the possibility of entering the ‘Alt season’ are gradually spreading among investors. It is noteworthy whether this index can stably surpass 30 with changes in Bitcoin dominance (BTC.D) in the future.