VanEck: The Altcoin Season Index has increased by 53% in the past 30 days, indicating that Bitcoin will rise further

ChainCatcher news, according to CryptoSlate, VanEck believes that the altcoin season index has recently seen significant growth, rising 53% over the past 30 days to 63 points, which may indicate an upcoming rise in Bitcoin (BTC). This index tracks the performance of the top 50 cryptocurrencies by market capitalization relative to Bitcoin over the past 90 days. It is considered "altcoin season" when 75% of these tokens (excluding stablecoins and asset-backed cryptocurrencies) outperform BTC.

The company's head of digital asset research, Matthew Sigel, emphasized that Bitcoin tends to average a 10% increase one month after this index exceeds 60 points. Within three months, the average return triples, and over six months, the average return typically surges by 73%.

Sigel explained that Bitcoin usually drives up altcoin prices, creating a feedback loop that further boosts BTC until cryptocurrencies reach the peak of their cycle. According to this index, Hedera (HBAR) has been the best-performing altcoin among the top 50 over the past 90 days, with a rise of 450%. Ethena (ENA) ranks second with a return of 342%, while Stellar (XLM) has increased nearly 326% during the same period.