Has the Altcoin Season Started? Here is the Latest Situation in Altcoin Season Index.
Has the recent surge in the cryptocurrency market sparked an altcoin season? Here's the latest data.
In the cryptocurrency markets, Bitcoin (BTC) continues to attract the attention of investors with its performance in the last 90 days.
However, the volatility in altcoins, overshadowed by this rise, is not to be ignored. According to CoinMarketCap's (CMC) “Altcoin Season Index,” the market is still in a Bitcoin-heavy period. With a score of 31 out of 100, we are still in “Bitcoin Season.” However, it's noteworthy that some altcoins are significantly outperforming Bitcoin, generating substantial returns for investors.
In order to call it an altcoin season, the value must rise above 75 in the index.
While Bitcoin has gained 40.07% in value over the past 90 days, some altcoins have outperformed by even more than that. Below is a full list of notable altcoins that have gained more than Bitcoin:
M
MOG
WIFI
KAJA
RAIL
This list highlights the revival in the altcoin market. While the CMC Altcoin Season Index doesn't yet indicate a true “Altcoin Season,” the performance of some projects stands out.