Cryptocurrency analytics company Alphractal reported that momentum in the altcoin market is gradually diverging from Bitcoin, and the altcoin season index is showing an upward trend.
According to Alphractal’s analysis, an increasing number of altcoins have begun to outperform Bitcoin over the past 60 days. This indicates a gradual shift in market momentum towards altcoins.
According to the analysis, CHZ, PEPE, ORDI, BAT, RENDER, STX, SUI, ETH, BNB, SOL, XTZ, TRX, FET, AAVE, and LINK are among the prominent projects in the current bull run. These assets are noted for outperforming the overall market in recent weeks.
On the other hand, CoinMarketCap altcoin season data shows that the market is still in a Bitcoin-dominated phase. The index value is at 28/100, while yesterday it was measured at 31, compared to 23 last week and 21 last month. This increase, although the threshold for a full “altcoin season” hasn’t been crossed yet, is interpreted as the first signals that a change in direction has begun.
*This is not investment advice.
