Following the recent market momentum, many people expect the altcoin season to be in effect. As the Altcoin Season Index shows, that is still not the case.
There are many different opinions on what an altcoin season entails.
Alternative markets rising in value are often a good indicator.
However, the “official” Altcoin Season Index isn’t budging just yet.
Although the altcoins have come close to kicking off a new season, the threshold hasn’t been met for more than a few minutes.
That situation may still change as 2020 progresses.
Today’s sudden Bitcoin price dip isn’t helping matters much either.
Just when it seemed as if the altcoins would push higher, Bitcoin suddenly dropped by over $400.
No one knows what has caused this particular dip,as there was no apparent reason for this incident.
Even so, most of the altcoin markets didn’t collapse entirely.
Some are already showing signs of rebounding, although the going will be tough.
Incidents like these tend to impact the overall industry less and less as time progresses.
A blip on the radar was to be expected, especially during a weekend.
Once Bitcoin retakes the $10,000 level with emphasis, the alternative markets will start moving up as well.
Bitwise Asset Management has just made its first move into tokenized funds, and it comes…
Binance just made a move that blurs the line between crypto exchange and traditional brokerage…
NEAR Protocol has had a month that most blockchain projects would stretch across an entire…
Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…
Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…
From a primarily interest rate swap niche product, Exponent has developed into an onchain capital…