Altcoin Season Index Rises to 35, Signaling Growing Altcoin Strength

According to CoinMarketCap data, the Altcoin Season Index rebounded to 41 from 29 on August 13, indicating more top cryptocurrencies are outperforming Bitcoin over the past 90 days.

BTC

Summary

BlockBeats reported that, based on CoinMarketCap data on August 13, the Altcoin Season Index rose to 41 from a low of 29 on August 11. This index, which tracks the performance of the top 100 cryptocurrencies relative to Bitcoin over the last 90 days, now shows 41 projects outperforming Bitcoin, suggesting a shift toward an altcoin-dominated market season.

Terms & Concepts
  • Altcoin Season Index: An indicator that measures the number of top 100 cryptocurrencies outperforming Bitcoin over the past 90 days.
  • CoinMarketCap: A widely used platform that provides market data and metrics on various cryptocurrencies.