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What is the Altcoin Season Index? A Beginner’s Guide

  • The altcoin season index compares altcoins’ performance against Bitcoin to determine whether they have surpassed the leading cryptocurrency within a given time frame.
  • Altcoin season occurs when altcoins outperform Bitcoin in market capitalization and price growth, characterized by increased volatility and trading activity.
  • Past altcoin seasons include notable spikes in prices between 2020-2021 and 2017-2018, driven by factors such as ICOs, meme coins, and the rise of non-fungible tokens (NFTs).
  • Indicators of a new altcoin season include an increase in altcoin dominance, rising trade volumes, the use of specialized indices like the altcoin season index, and notable price breakouts in altcoins.

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