The secrets of altcoin season are back on the agenda among crypto investors. The Altcoin Season Index shows changes, but forecasts remain mixed.
Altcoin Season Index: Current Status
The Altcoin Season Index has reached a value of 61, the highest in eight months. This indicates that altcoins are getting stronger, but a level above 75 is needed to confirm a full growth cycle.
Trader and Analyst Opinions
Trader opinions differ: some believe that altcoins will rise by October, while others predict that new growth may take longer. Analyst Rekt Fencer noted that one should 'buy altcoins now, sell in October', hinting at a short-term spike.
Impact of the Fed on Altcoin Season
On the agenda is the Fed meeting on September 17, where the likelihood of a rate cut is close to 90%. Historically, rate cuts have supported cryptocurrency growth, but the current situation is more uncertain.
Altcoin season seems inevitable, but there is enough uncertainty surrounding its start. The expected Fed rate cuts may initially support Bitcoin, while altcoins might lag behind.
