Krutika Adani
An Altcoin Season index shows how strong altcoins is the altcoin dominance in the current markets.
Traders usually buy when the Altcoin Index is closer to zero. This is because the altcoins are generally cheap at this stage, and this helps traders benefit from undervalued altcoins.
The indicator makes it easy to identify altcoin market swings and helps investors buy at low prices (indicator near zero) and sell at high prices (indicator close to 100).
In this alt season, a few top candidates are Polygon, Solana, Shiba Inu, Ethereum, and XRP.
Market experts expect the Alt Season to arrive in late 2024 to early 2025.