What is altcoin season index?

The Altcoin Season Index shows the dominance of altcoins. An important trigger is the development or technological progress of altcoins, the rising altseason index, and the introduction of new features or improvements that increase the usefulness and attractiveness of altcoins. Is the altcoin season determined by the market?

What indicators indicate the start of an altcoin season?

One of the primary indicators that signal the start of an altcoin season is a noticeable increase in altcoin dominance within the overall cryptocurrency market. Altcoin dominance refers to the collective market capitalization of all cryptocurrencies, excluding Bitcoin, expressed as a percentage of the total cryptocurrency market cap.

What does altcoin season mean?

When the index is high, it indicates that altcoins are gaining market dominance over BTC — the chart indicates “altcoin season.” This index, often referred to as the “altcoin season index chart” or simply “index altseason,” is a vital tool for discerning market trends.