Over a span of 21 days, the Altcoin Season Index (ASI)—which rates between 0 and 100, with anything above 75 signaling an altcoin season—climbed significantly, rising from just 12 to 39 by July 16. From BONK to PENGU: Some Crypto Assets Are Exploding in Value as Altcoins Scream for Attention As of 11 a.m. Eastern […] Source CryptoX Portal
The altcoin season has remained elusive because Bitcoin has continued to dominate the market. Even now, the largest cryptocurrency by market cap is still in the lead and continues to determine the direction of the rest of the crypto market. However, there is a turn in the tide coming as more altcoins begin to play catch-up. In particular, the coins in the list of Top 100 altcoins by market cap look to be on the verge of ushering in the next altcoin season. Altcoin Season Index Fires Into The Green…
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