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24.11 - 20:21
An altseason incoming or will another Bitcoin ATH come into play
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Bitcoin is the king coin. As is often the case, its subjects (altcoins) are usually dependent on its own decisions (price movements).
However, over the last 3 months, these altcoins have been gathering some momentum of their own.
The altcoin season or altseason is calculated on the basis of the performance of the top-50 altcoins over the last 90 days (excluding stablecoins and asset-backed tokens). When simply looking at the top-50 list, it might seem that we are in the altcoin season already.
Except, it isn’t here yet.
While many altcoins hit new all-time highs over the last 30 days, the cryptos that rose only account for 63% of the top-50 altcoins. An altseason can be considered “arrived” when the threshold of 75% is crossed, something we
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