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CoinMarketCap: Altcoin Season Index Rises to 45 as About 45 Top-100 Coins Outperform Bitcoin

The Altcoin Season Index indicates a market shift with a rise to 46, suggesting that altcoins are regaining dominance over Bitcoin over the past 90 days.

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Summary

As of August 24, the Altcoin Season Index stands at 46, indicating that 46 of the top 100 cryptocurrencies have outperformed Bitcoin over the past 90 days. This marks a shift towards altcoins gaining dominance in the market, following a rise from 29 on August 11. The index serves as a real-time indicator of altcoin market dominance, comparing the performance of large-cap altcoins against Bitcoin.

Terms & Concepts
  • Altcoin Season Index: A real-time indicator used to gauge whether the market is in an altcoin-dominated season, based on large-cap altcoins’ 90-day performance against Bitcoin.
  • Altcoin season: A market phase where many altcoins outperform Bitcoin over a defined period, as measured by the Altcoin Season Index.
  • Top 100 cryptocurrencies by market cap: The 100 largest crypto assets by market capitalization referenced by the index when assessing how many have outperformed Bitcoin over 90 days.