Altcoin Season Index Rises to 24
On May 18, Coinmarketcap data showed that the Altcoin Season Index is currently at 24, up 2 points from yesterday (which was 22). This index indicates that in the past 90 days, approximately 24 projects among the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin, and the market is still in a Bitcoin-dominated season. It is reported that the CMC Cryptocurrency Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.
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