Altcoin Season Index Indicates Shift in Cryptocurrency Market

According to BlockBeats, the Altcoin Season Index, as reported by Coinmarketcap, currently stands at 30, up from 28 the previous day. This index suggests that in the past 90 days, approximately 30 out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin. The CMC Altcoin Season Index is a real-time indicator used to assess whether the cryptocurrency market is currently in a phase dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.