Mis on altcoini hooaja indeks 2024

The Bitcoin network accounted for more than 90% of the total market kapitaliseerimine for 8 years. In 2017, this figure dropped sharply to 40%. Part of the capital began to flow into other coins. The altcoin 2024 season is periodically repeated. Then investors begin to actively invest not only in bitcoin.

What is the altcoin season

In total, there are more than 7,000 coins on the market. A few years after the launch of the Bitcoin network, other cryptocurrencies began to appear. Most of them copied the code of the first coin to varying degrees, so they received the name “altcoins” (from English alternative coins).

Not all developers were engaged in repetition. There are enough assets with a unique code on the market, nevertheless the name of altcoins is forever fixed for them.

The emergence of more technologically advanced cryptocurrencies has led to increased competition. The altcoin season usually refers to a decrease in bitcoin’s dominance in the market, with other märgid closing the gap in terms of capitalization size.

Reasons for active coin growth

Investors are paying attention to altcoins for the following reasons:

1

ByBit

5020 $
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9.8

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2

Binance

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9.5

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• Technology. Fundamentally, some cryptocurrencies turn out to be more functional. They can be used not only for transfers, but also to build ecosystems on their basis. A good example is Ethereum – arukad lepingud have made the network the main platform for ICOs.
• Diversification. Experienced investors prefer to invest in different assets. Therefore, when investing in cryptocurrencies, part of the money goes to bitcoins and the rest is divided between altcoins.
• Pamp. Digital assets with low capitalization are often pumped up. The surge in value is the result of collusion by a group of traders. Usually a dump occurs afterward and the price returns to previous values.
• Opinion Leaders. Statements by celebrities spread quickly on the web. The statements and opinions of Ilon Musk have the greatest influence. In 2021, the entrepreneur published a message with a puppy, which he named Floki. After that, the token of the same name rose in price by 1300%.

Altcoin Season Index

The market is characterized by cyclicality. If the capitalization and dominance of bitcoin increases, it entails the growth of other assets. After the price spike, investors lock in profits and pour capital into other coins. The growth of BTC slows down and cryptocurrencies catch up with the leader.

Bitcoin’s dominance over altcoins

By the end of October 2021, BTC’s capitalization was $1.15 billion, with the entire cryptocurrency market valued at $2.61 billion. Approximately 44% of capital is concentrated in bitcoins.

Investors sometimes find themselves misled. If the exchange rate is rapidly increasing, the dominance, on the contrary, decreases. Such conclusions are based on historical events:

• Bitcoin hit an all-time high of $19,666 at the end of 2017. Despite this, the dominance index gradually fell until it reached a low of 36% on January 13, 2018.
• After the bullish (increasing) trend was replaced by a bearish (falling) one, and a prolonged decline in the exchange rate began. This period in history was called “cryptozyme”. The BTC rate fell until the end of 2018, until it was fixed in the range of $3000-$4000. The dominance index meanwhile, on the contrary, increased.
• In March 2021, the situation repeated itself. Bitcoin began to set new records of value, but the dominance index went down.

Kuidas seda arvutatakse

Dominance is determined very easily with the help of a formula:

asset capitalization/market capitalization.

Having access to simple statistics, you can quickly determine the share of all altcoins. To do this, another formula is used:

100 – (BTC capitalization/market capitalization).

Examples

Monitoring services resort to more complex calculations of the altcoin season index. For example, only the first 50 coins by capitalization size or tokens with the highest returns over the last 90 days are taken into account.

Which coins you should pay attention to

A few years ago, quite high competition in the market was represented by “improved versions” of the first cryptocurrency, such as Litecoin, Bitcoin Cash and others. Recently, the gap in the size of capitalization between them has only increased.

Autor: Saifedean Ammous, krüptorahanduse ekspert.