📉 Despite Ethereum ETF Approvals, 'Altcoin Season' Remains Far Off
🚀 Ethereum (ETH) and other altcoins like DOGE, UNI, PEPE, and ETC are enjoying double-digit gains against the USD. However, the Altcoin Season Index tells a different story.
⏰ On April 26, 2024, the index was higher than today's score of 35. To declare an 'altcoin season,' 75% of the top 50 coins must outperform Bitcoin (BTC). Last month's score was 39.
📈 Four months ago, the index stood at 59, indicating a widening gap. While some coins like PEPE and WIF have soared over 800%, BTC's dominance remains at 52.74%.
📣 Social media buzzes with optimism as ether ETFs get approved, but Cryptonomy suggests a declining BTC dominance could hint at altcoin season. Still, it seems we're not there yet.
🔮 The much-anticipated altcoin season may be on the horizon, but for now, it remains a distant possibility. Let's see if hopes and speculations turn into reality.
🚀 Ethereum (ETH) and other altcoins like DOGE, UNI, PEPE, and ETC are enjoying double-digit gains against the USD. However, the Altcoin Season Index tells a different story.
⏰ On April 26, 2024, the index was higher than today's score of 35. To declare an 'altcoin season,' 75% of the top 50 coins must outperform Bitcoin (BTC). Last month's score was 39.
📈 Four months ago, the index stood at 59, indicating a widening gap. While some coins like PEPE and WIF have soared over 800%, BTC's dominance remains at 52.74%.
📣 Social media buzzes with optimism as ether ETFs get approved, but Cryptonomy suggests a declining BTC dominance could hint at altcoin season. Still, it seems we're not there yet.
🔮 The much-anticipated altcoin season may be on the horizon, but for now, it remains a distant possibility. Let's see if hopes and speculations turn into reality.