Altcoin Season Index Shows Recent Decline in Performance
According to BlockBeats, Coinmarketcap data reveals that the Altcoin Season Index currently stands at 21, after reaching 27 on May 22. This index indicates that in the past 90 days, approximately 21 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.
The Altcoin Season Index is a real-time metric used to assess whether the cryptocurrency market is experiencing a period dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the last 90 days.
