Analyst: Altcoin season index signal fires off
According to the index , altcoins have outperformed Bitcoin in the last 90 days. Crypto Banter, a YouTube-based crypto analyst, released a video on Jan. 15 highlighting a signal many crypto experts use that has just fired off for the altcoin market, starting what some believe might be the 2024 bull run. The analyst also referenced its bubbles chart, highlighting that on a weekly timeframe, SUI is up 82.3%, Celestia (TIA) is up 48.3%, and Helium (HNT) is up 47%, while Bitcoin (BTC) shows a 2.8% decrease in the same period. You might also like: Analyst says nothing bearish on Bitcoin charts The analyst relays that what matters most is not Twitter sentiment but whether new capital flows into the altcoin market. Looking at three indicators: true altcoin market cap, the altcoin market cap with Ethereum, and the altcoin market cap with stablecoins, all technically flowing onwards and upwards, suggests new money is coming into the market. “We are still in the infancy of thi...