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The Altcoin Season Index confirms that the altcoin season has started
Positive signs from the altcoin season index indicate that alternative cryptocurrencies (altcoins) are entering a phase of outperformance compared to Bitcoin. Over the past 60 days, altcoins such as AXS, CHZ, ATOM, and PEPE have shown much stronger growth than BTC, reflecting a shift of capital from Bitcoin to smaller projects.
Leading the list is Axie Infinity (AXS) with an impressive increase of 46.5% during this period. In contrast, Bitcoin experienced a 24.4% decline in the same timeframe. This disparity clearly reflects a changing trend in investor strategies during this time. These data are supported by the altcoin season index, a tool that measures the market trend of altcoins relative to Bitcoin, helping traders identify the right moments to enter the market.
As of now, Bitcoin is trading around $69,420, down 0.19% in the past 24 hours, while the altcoin wave continues with signs that make this altcoin season index more noteworthy than ever.