🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
Share your creations with trending topics and get a chance to split $5,000 in rewards! 🎁
👉 Join now: https://www.gate.com/campaigns/1953
💡 How to Join:
1️⃣ Post with the hashtag #Gate Square Mid Autumn Creator Incentive# .
2️⃣ Your content should follow the daily trending topics posted by [Gate _Square], and include both hashtags.
3️⃣ The more posts, higher quality, and greater engagement — the bigger your rewards! 🚀
💰 Creator Rewards:
🏆 Top 1: Bulgari Mid-Autumn Gift Box + $100 Futures Voucher + $100 GT
🥈 Top 2: Bulgari
#大型机构积极购入以太坊# The encryption market shows significant signs of change! According to the latest data released by Coinmarketcap on September 15, the altcoin season index has risen to 72, almost reaching the key threshold of 75, far exceeding last week's average of 50 and last month's average of 43. This change in data has attracted widespread attention in the market.
The altcoin season index serves as an important barometer for the encryption market, measuring the relationship between the price increases of approximately 70 of the top 100 cryptocurrencies by market capitalization and Bitcoin over the past 90 days. When the index breaks 75, it indicates that funds will flow massively from Bitcoin to various altcoins, igniting a new wave of investment enthusiasm. Currently, this index is only 3 points away from officially declaring the arrival of "altcoin season."
Current market dynamics show that the Bitcoin price is fluctuating in a high range, and investors are actively seeking new investment opportunities. The Ethereum ecosystem is the first to show vitality, with the ETH/BTC exchange rate recovering from a low point, driving up the prices of multiple projects within the Ethereum ecosystem. At the same time, mainstream altcoins like Solana and XRP are also accumulating momentum, and on-chain data indicates that these projects are attracting significant capital inflows, seemingly preparing for a potential price breakthrough.
History shows that whenever the altcoin season arrives, the encryption market often experiences significant asset price fluctuations. Nowadays, market sentiment is noticeably heating up, discussions about alternative coins on social platforms are sharply increasing, and the trading volume of such assets on exchanges is also showing a substantial growth trend.
The current cryptocurrency market is at a critical moment. The rapid rise of the altcoin season index raises the question of whether it is a precursor to the full-scale explosion of alternative coins or just a temporary market maneuver. Investors are closely monitoring market trends to prepare for this potential new phase of the cryptocurrency market.
Altcoin season explodes, ambushing Musk's little puppy, the strongest concept on Ethereum chain, the little dog could be the next ten-thousand times coin leader to be born $ETH $DOGE $SOL