Altcoin Season Index Records 38, Down 1 Point from Previous Day... Suggests 'Bitcoin Dominance'
The 'Altcoin Season Index' of CoinMarketCap, a comprehensive virtual asset information platform, recorded 38, down 1 point from the previous day. The Altcoin Se
What to know
- The 'Altcoin Season Index' of CoinMarketCap, a comprehensive virtual asset information platform, recorded 38, down 1 point from the previous day. The Altcoin Se
The 'Altcoin Season Index' of CoinMarketCap, a comprehensive virtual asset information platform, recorded 38, down 1 point from the previous day.
The Altcoin Season Index is an indicator calculated by comparing the price fluctuation rates between the top 100 coins by market capitalization (excluding stablecoins and wrapped tokens) and Bitcoin. Specifically, if 75% of the top 100 coins record a higher growth rate than Bitcoin over the past 90 days, it is determined to be an 'Altcoin Season,' and conversely, a 'Bitcoin Season.'
The closer this index is to 100, the more it indicates an Altcoin Season. The currently low index of 38 suggests that a 'Bitcoin Season' is continuing in the recent market.