Journalist
Posted:
Important collection restaurants
Are we in a completely Altcoin season?
Altcoins collect hard, but market foam is missing, creating a divergence from recent seasons.
Are altcoins in danger?
The rally is driven by speculative streams, which exposes altcoins to post-FOMC swings.
September has officially changed to ‘Altcoin Season’. Billions are cast in the room and push a total of 3 (Markt CAP EX-BTC/ETH) to a record of $ 1.16 trillion, now representing around 28% of the total crypto market.
The Altcoin seal index has been strongly reacted. It rose to a highest cycle of 80, which means that 40 of the top 50 altcoins performed better than Bitcoin [BTC] In the last 90 days, with Pudgy Penguins [PENGU] leading the peloton.
And yet the foam is missing. The fear and greed index does not show euphoria and marks a clear divergence of earlier alt meetings.
Simply put, traders could read a “pump and dump” cycle as an alto season.
Source: Coinmarketcap
Historically, Alt meetings were accompanied by foamy sentiment.
During the last Alt seasons (January and December 2024), fear and greed were “extreme greed” as the Altcoin season index Pushed close to 85. At that time, speculative rotation and market ran euphoria in synchronization.
The SOL/BTC ratio has supported this, with around 0.03 and chopping all year round. Now the ratio is almost 30% lower, even with a full “alt season”, signaling rotation without the usual market foam.