Altcoin Season Rises: Five Key Players Eye October
The Altcoin Season Index surged above 50 in September, indicating a possible shift towards altcoins. Bitcoin's market share fell below 59% as a result.
Five altcoins with upcoming events are gaining attention: Bitcoin Cash (BCH), Zcash (ZEC), NEAR Protocol (NEAR), Dogecoin (DOGE), and Sui (SUI).
BCH is set to list on CME Group's futures market on October 19, pending regulatory review. Grayscale is seeking to convert its BCH Trust into an NYSE Arca ETF under the ticker BCHG.
Zcash's NU7 upgrade will go live on testnet on October 6 and mainnet on November 5. The upgrade cuts block times from 75 seconds to 25 without changing the halving schedule.
NEAR Protocol ended September near $4.85, with a Bitwise ETF (NRR) launching on NYSE Arca in late September. Grayscale has a competing filing for its NEAR trust.