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Cryptocurrency News Articles

Altcoin Season Index Shows Altcoins Still Hold an Edge, Solidifying Their Dominance in Q4 2024

Dec 20, 2024 at 04:10 pm

The CoinMarketCap (CMC) Altcoin Season Index, a crucial metric for crypto investors, shows Altcoin Season, despite a slight dip to 45 on December 20.

Altcoin Season Index Shows Altcoins Still Hold an Edge, Solidifying Their Dominance in Q4 2024

CoinMarketCap's (CMC) Altcoin Season Index, a key metric for crypto investors, shows Altcoin Season despite a slight dip to 45 on December 20. The index indicates that altcoins still have the upper hand, bolstering their dominance in the final quarter of 2024. At least 75% of the top 100 coins must be outperforming Bitcoin for a full-fledged altcoin season.

Breaking Down the Altcoin Season Index

The Altcoin Season Index from CMC provides a daily snapshot of the performance of the top 100 cryptocurrencies, excluding stablecoins (e.g., Tether, DAI) and asset-backed tokens (e.g., WBTC, stETH, cLINK), relative to Bitcoin over the past 90 days. When less than 25% of altcoins outperform Bitcoin, a Bitcoin season occurs.

Investors Flock to Altcoins as 2025 Dominance Emerges

The current Altcoin Season Index shows a marked shift toward altcoins over Bitcoin, despite a decline from last week's 65. This aligns with the observation of increasing trading volumes and investor interest in the altcoin market.

The yearly high of 87 on December 4 highlights the strength of altcoins while Bitcoin faces challenges in regaining market dominance. Crypto analysts attribute this shift to the surge in innovation and demand within the altcoin ecosystem. Investors are showing strong preference for altcoins like Ethereum and Solana, boding well for their continued success in 2025.

The Altcoin Season Index: A Window into Market Propensities

In summary, the daily Altcoin Season Index showcases a clear trend of traders and investors shifting their attention toward altcoins. While Bitcoin remains the largest cryptocurrency by market capitalization, its dominance is being challenged by the爆発 of altcoin activity. This development highlights a growing appetite for diversity in cryptocurrency portfolios and suggests a changing market preference for altcoins over Bitcoin, especially for those seeking speculative gains.

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News source:coinedition.com

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Other articles published on Dec 21, 2024