Altcoin Season Index Rises to 34, Indicating Continued Bitcoin Dominance

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Altcoin Season Index Rises to 34, Indicating Continued Bitcoin Dominance Altcoin Season Index, a key metric tracked by CoinMarketCap (CMC), has registered a slight increase, rising three points to 34 as of 00:30 UTC on November 8, 2024.

For the market to officially enter “Altcoin Season,” 75% of the top 100 coins on CMC must outperform Bitcoin over a 90-day period.

As market conditions evolve, an eventual shift to Altcoin Season could occur, especially if innovative projects and favorable regulatory changes attract capital toward altcoins.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Altcoin Season Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 10:23:36 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 823 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23469285

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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