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.