Blockchain Center says altcoin season is coming
69% of the top 50 altcoins have outperformed bitcoin in terms of returns
20.09.2022 - 09:00
432
1 min
0
What’s new? Blockchain Center’s analytics data suggests that the cryptocurrency market may be approaching the next altcoin season. According to the published charts on the altcoin season index website, 69% of the top 50 tokens have outperformed bitcoin in terms of returns over the past 90 days.
Link to the Blockchain Center analytics
What is the altcoin season? It is a period of time when crypto investors choose to buy alternative coins and tokens to bitcoin, resulting in a rapid rise in their value.
What is known about the index? The index from Blockchain Center is an indicator that can point to the beginning of the next season. To do so, 75% of the top 50 assets, in addition to bitcoin, stablecoins, and asset-backed cryptocurrencies, must show the best return over the past 90 days.
According to Blockchain Center, over the past three months, the leader in growth was the altcoin of Lido DAO (LDO), a platform staking ETH, with a 278,9% result. It is followed by Chiliz (CHZ), the token of the Socios fan voting platform, with a growth of 186,2%. Rounding out the top three is ATOM, the token of the Cosmos blockchain ecosystem, with a result of 123,6%. Bitcoin gained only 2,1% during the above period. As of September 20, 08:30 UTC, the price of 1 BTC is $19 362, according to Binance.
Earlier, crypto analyst Michaël van de Poppe called promising altcoins of September. They include XRP, ADA, EOS, LTC, and ATOM.
Useful material?
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Mining
Blockware noted increased investor interest in this type of asset due to inflation concerns
Oct 29, 2024