Blockchain Center in its latest analysis of The possibility of an alt season Next, the market reported that over the past 90 days, 69% of the top tokens have outperformed BTC.
As the crypto winter begins, most investors are looking for indicators and patterns to accurately enter and exit the market. These people try to get the maximum possible profit from their transactions.
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The possibility of an alt season
One of the most famous terms in the digital currency market, Alt season (Alt Season) is. New indicators show that the next alt-season of the cryptocurrency market is likely to begin soon.
As of September 19, 69% of the top 50 tokens have outperformed Bitcoin (BTC) over the past 90 days, according to data from the Blockchain Center. This is a matter of probability Occurrence of alt season increases.
Blockchain Center claimed that according to indicators, the alt season will begin when 75% of the top 50 tokens in the cryptocurrency market outperform Bitcoin over a 90-day period. Tokens reviewed do not include stablecoins and asset-backed cryptocurrencies.
The performance of altcoins in the last three months
Among the top 50 tokens, LIDO token It has performed the best with a 222% growth in the last 90 days. After Lido, CHZ token With a growth of 154.6%, it has taken the second place. Bitcoin also fell by 6.6% during the same period.
It is worth mentioning that alt season is a stage in the digital currency market where altcoins perform better than Bitcoin. Due to factors such as market fluctuations, the start of the alt season does not mean guaranteed profits for investors. This season provides an opportunity for crypto investors to diversify their portfolios.
In general, alt-seasons perform better during bull markets. The large number of altcoins that have outperformed Bitcoin over the past three months is likely to indicate the beginning of a bullish phase in the cryptocurrency market.
Declining Bitcoin Dominance
In the previous alt seasons, Bitcoin had a very high dominance in the market. in most cases, Alt seasons They are known by transferring capital from Bitcoin to altcoins. According to CoinMarketCap data, Bitcoin’s dominance has reached 39.3%.
Traders should make their trades with a specific strategy and correct entry and exit times to avoid losses in their investments. Late entry or exit will usually result in traders losing capital.
Bitcoin continues to struggle with the $20,000 level. At the time of publication of this article, the flagship of the digital currency market with The price is $18,600 It is traded. BTC has lost about 7% over the past 24 hours.
What do you think about the possibility of the next alt season of the cryptocurrency market? Is the crypto winter coming to an end? Please leave your comments in the comments section duplicate share it.