tldr; During an Altcoin Season, altcoins gain prominence in the cryptocurrency market, often surpassing Bitcoin in market capitalization and price growth. For instance, in May 2021, the top 100 altcoins‘ market cap reached 130% of Bitcoin’s, and large-cap altcoins saw 174% returns compared to Bitcoin’s 2% from February to May 2021. This period is characterized by rapid price appreciation, increased trade volume, and a bullish market sentiment driven by FOMO (Fear of Missing Out), as investors seek substantial returns from altcoins.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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what does the degen index say?
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tldr; During an Altcoin Season, altcoins gain prominence in the cryptocurrency market, often surpassing Bitcoin in market capitalization and price growth. For instance, in May 2021, the top 100 altcoins‘ market cap reached 130% of Bitcoin’s, and large-cap altcoins saw 174% returns compared to Bitcoin’s 2% from February to May 2021. This period is characterized by rapid price appreciation, increased trade volume, and a bullish market sentiment driven by FOMO (Fear of Missing Out), as investors seek substantial returns from altcoins.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
what does the degen index say?