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Is It Altcoin Season? Data We Can All Learn From
An altcoin season occurs when the number of altcoins increases rapidly and astronomically against the dollar and Bitcoin at the same time What factors can be used to indicate if its an altcoin season? 3 Month Bitcoin Dominance % Bitcoin dominance % has decreased +/- 7% over the past 3 months. **May 8th 2020**
**August 8th 2020**
3 Month Total Market Capitalization (excluding Bitcoin) The altcoin market capitalization has increased by $54bn (61% increase) over the past 3 months. **May 8th 2020**
**August 8th 2020**
Which coins indicate it’s an Altcoin season? Over at the blockchaincenter, the altcoin season index indicates which coins are performed better than Bitcoin over the last 3 months:
What do you think? Are we entering another altcoin season? What does this mean for Bitcoin and for cryptocurrency markets in general? Thank you for reading and hope you have a good rest of the day! Resources https://coinmarketcap.com/charts/ https://www.blockchaincenter.net/altcoin-season-index/ I also post my content on the following platforms: Publish0x: https://www.publish0x.com/@aftershock9 Hive: https://hive.blog/@mercurial9 PeakD: https://peakd.com/@mercurial9/ Steempeak: https://steempeak.com/@mercurial9 Instagram: https://www.instagram.com/minimalistpixel/?hl=en Read.cash: https://read.cash/@merurial9 Uptrennd: https://www.uptrennd.com/user/MTIzMTYy
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