3 days ago
Altcoin Season Index Rises to 46, Signaling Bitcoin Dominance The Altcoin Season Index , a popular metric tracked by CoinMarketCap (CMC) , increased by one point to 46 as of 00:32 UTC on December 30, 2024 . This score indicates that the crypto market remains in Bitcoin Season , where BTC continues to dominate performance relative to top altcoins. What is the Altcoin Season Index? The Altcoin Season Index measures whether the market is in Altcoin Season or Bitcoin Season based on the performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) over the last 90 days. Scoring System: Altcoin Season: Occurs when 75% or more of the top 100 coins outperform Bitcoin. Bitcoin Season: Occurs when 25% or fewer outperform Bitcoin. Index Range: Scores range from 1 to 100 , with higher values favoring altcoins. Current Market Sentiment: Bitcoin Season at 46 With the Altcoin Season Index at 46 , the crypto market is currently in Bitcoin Season : BTC Outperformance: The majority of top cryptocurrencies have underperformed Bitcoin over the past 90 days. Market Implications: Bitcoin dominance typically signals a consolidation phase for altcoins as investors concentrate on BTC. Why Does the Altcoin Season Index Matter? Investment Strategy The index helps traders identify optimal periods for investing in: Bitcoin: During Bitcoin Season, when BTC leads the market. Altcoins: During Altcoin Season, when smaller-cap coins tend to rally. Market Trends The index provides insight into broader market dynamics, such as shifts in capital allocation between BTC and altcoins. Factors Influencing the Index Recent Bitcoin Dominance Macro Sentiment: Bitcoin’s robust performance amid market uncertainties often attracts institutional and retail interest. Altcoin Volatility: Many altcoins have struggled to maintain momentum, contributing to Bitcoin’s relative strength. Altcoin Underperformance While certain altcoins like Ethereum (ETH) and Solana (SOL) have shown strong performance in specific sectors, most top 100 altcoins have lagged behind BTC over the analyzed period. Looking Ahead: Will Altcoin Season Return? Indicators to Watch Altcoin Momentum: A shift in capital towards altcoins could push the index closer to 75 , signaling the start of Altcoin Season. Market Catalysts: Innovations, partnerships, or regulatory developments could boost specific altcoins. Challenges for Altcoins Bitcoin’s Resilience: BTC’s status as the leading cryptocurrency continues to draw significant investment. Liquidity Constraints: Smaller-cap altcoins may struggle to attract sufficient liquidity to outperform BTC. Conclusion The rise in the Altcoin Season Index to 46 confirms the current dominance of Bitcoin Season , as BTC continues to outperform most altcoins. While the index suggests limited altcoin opportunities in the short term, market dynamics could shift rapidly, paving the way for the next Altcoin Season. For the latest insights into Bitcoin and altcoin market trends, explore our crypto analysis and stay informed on the next big opportunities in the digital asset space.
Bitcoin World
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Source: Bitcoin World
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Crypto News Altcoin Season Index Altcoin Season Index Bitcoin Season
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Binance Launches High-Leverage Perpetual Contracts for GRIFFAINUSDT on January 2, 2025
In a significant move for retail and institutional traders alike, Binance has announced the launch of U-based perpetual contracts for three new trading pairs: GRIFFAINUSDT, AI16ZUSDT, and ZEREBROUSDT. This innovative Bitcoin World
Solana Memecoin New Year New Shiba (NEWSHIBA) to Surge 14,000% Before Exchange Listing
New Year New Shiba could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. New Year New Shiba (NEWSHIBA), a Solana memecoin launched today, is set to surge over 14,000% in price in the coming days. This is because NEWSHIBA is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, New Year New Shiba can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and New Year New Shiba could become the next viral memecoin. New Year New Shiba launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy New Year New Shiba on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for New Year New Shiba by entering its contract address – 7DjEUoHG7Yr3LpaqNPcyc5DgNEYSLrnPV8zsjQBbAYfh – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like NEWSHIBA. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. Bitcoin World
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