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VanEck projects sustained growth for Bitcoin as altcoin season index rises – TON BOT

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VanEck projects sustained growth for Bitcoin as altcoin season index rises

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VanEck’s Altcoin Season Index has surged 53% in the past 30 days to 63 points, potentially signaling gains for Bitcoin. Historically, when the index surpasses 60 points, Bitcoin sees positive returns across one-, three-, and six-month timeframes. The index tracks the performance of the top 50 cryptocurrencies against Bitcoin, with recent top performers being Hedera, Ethena, and Stellar. The crypto market has seen average gains of 90% in the past 90 days, with “dino coins” like Litecoin and XRP leading the charge. Centralized exchange tokens and memecoins also saw significant gains. Tokens related to real-world assets and smart contracts infrastructures also performed well.

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