VanEck’s Altcoin Season Index Signals Imminent Bitcoin Boom

in alt •  last month 

Matthew Sigel links recent altcoin rallies to Bitcoin’s climb past US$100k, predicting further BTC gains before it tops out.
The Altcoin Season Index, now at 63, suggests an upcoming Bitcoin rally; top altcoins like Hedera and Stellar show significant three-month gains.
Despite a slight market downturn, analysts like JA Maartunn view the current dip as a strong buying opportunity for assets including Bitcoin.
As traditional asset returns dwindle, investors are increasingly turning to alternatives like Bitcoin, potentially reshaping investment portfolios.
Matthew Sigel, head of digital assets at VanEck, believes the recent altcoin rally was driven by the Bitcoin surge past US$100k and will further fuel Bitcoin until it tops out.

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