Dear Readers,

At the time of writing this article, the global cryptomarketcap is trading at $1.56T, which is a decrease of 4.56% from yesterday, according to coinmarketcap.com 

During the last one month, if you observe very clearly, you may understand that the ALT coins performed comparatively well. 

If you see the Cryptomarket Heat Map, most of the Altcoins were at the overbought region. 

( Thanks to: https://www.coinglass.com/pro/i/RsiHeatMap)

We can also confirm this with the other method.

If we take the ALTCoin Season Index- this is how the top 50 ALTCoins performed in respect of Bitcoin in the last 90 days (~ 3 months)- it currently stands around 51.

(https://www.blockchaincenter.net/en/altcoin-season-index/)

If the value of this value get passed to 75, we can confirm that we are in ALTSeason. 

From the above evidences and parameters, I think that there are works already started to welcome the Altcoin Season. 

In the meanwhile, we do have around 30 days for the outcome of the BTC ETF.

We may expect a surge in the Altcoin during this buffer period too. 

Hope and wishes to have a good New year ahead in 2024 for Cryptos!!