Altcoin Season Index for 24 Confirm Bitcoin Season
CoinMarketCap Altcoin Season Index dey 24, e mean say na Bitcoin season big pass now after e climb reach 87 for December 4, 2024 then e drop go 12 for April 2025. If e low pass 25, e mean say less than 25% of di top 100 altcoins pass BTC for performance for past 90 days. Even though Bitcoin dey dominate, 24 altcoins still get better return pass Bitcoin 30.1% gain for last quarter, dem lead by SYRUP (385%), PENGU (252%), HYPE (228%), VIRTUAL (188%) and FARTCOIN (142%).
Di mixed performance show say some altcoins still strong but e also mean say money dey shift go Bitcoin because e get better liquidity, market cap, and e be like "digital gold". Crypto traders suppose think about moving dia money go BTC, use dollar-cost averaging and drop di altcoins wey no dey perform. If Altcoin Season Index increase pass 70, e fit help find di next big altcoin rally. If trader sabi dis market cycle well, e fit align dia portfolio wit di trend and manage risk well.
Bullish
Di drop wey Altcoin Season Index make to 24 confirm say Bitcoin dey dominate, e fit make capital enter BTC for short term. For history, low index fit mean say altcoin go rally later, but market no sure now and Bitcoin be “digital gold” so BTC na the best asset. For long term, if the index dey go up pass 70 for long time, e mean say people ready to take risk for altcoins again. Meanwhile, di increase demand for BTC dey support price make e rise, so near future for Bitcoin look good.