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Cryptocurrency News Articles

Crypto Capo is bullish on AXS Coin and ALGO Coin!

Dec 26, 2024 at 11:54 pm

The Altcoin Season Index rose to 48, indicating a neutral market between Bitcoin and altcoins. The market capitalisation shows that altcoins are

Crypto Capo is bullish on AXS Coin and ALGO Coin!

The Altcoin Season Index (ASI) stood at 48 on December 26, 2024, showing a slight increase from the previous day. This indicates that the market is in a neutral phase between Bitcoin and altcoin season. The ASI tracks the performance of the top 100 coins over the past 90 days and reveals that Bitcoin continues to lead the market despite altcoins gaining strength.

The index has seen significant swings over the past month. After reaching a high of 52 earlier this month, the ASI dropped sharply to 47 last week before recovering to 48 on December 26. This pattern suggests a period of consolidation as Bitcoin and altcoins compete for market dominance.

The year high of 87 on December 4, 2024, marked a brief period of outperformance by altcoins, while the year low of 13 on September 3, 2024, highlighted Bitcoin's strong presence in the market at the time.

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News source:kriptokoin.com

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Other articles published on Dec 27, 2024