🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
#Altcoin Season Index Hits 24# The Altcoin Season Index has dropped to 24, signaling a "Bitcoin Season" in the crypto market. This means Bitcoin is outperforming most altcoins, with only a small fraction (less than 25%) of top altcoins managing to post better returns over the last 90 days.
*What does this mean for investors?*
- *Focus on Bitcoin*: Some investors may choose to increase their allocation to Bitcoin, betting on its continued relative strength.
- *Selective Altcoin Investing*: Investors might focus on high-conviction altcoins with strong fundamentals or upcoming catalysts that could allow them to perform independently of the general market trend.
- *Risk Management*: It's essential to be cautious with leverage on altcoins and potentially take profits on altcoins that have seen recent pumps.
*Market Implications*
- *Reduced Altcoin Profitability*: It's generally harder to make significant gains on altcoins when Bitcoin is the primary driver of market momentum.
- *Increased Risk for Altcoin Holders*: Altcoins can be more susceptible to sharp downturns, especially if Bitcoin experiences a correction ¹.