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Shitcoin Season Index Drops to 46
BlockBeats News, August 24th, according to Coinmarketcap data, the Altcoin Season Index fell to 46 (down from 50 yesterday). This index shows that in the past 90 days, around 46 projects out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin in terms of price increase.
Note: The CMC Altcoin Season Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominant 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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