CoinMarketCap’s Altcoin Season Index has risen to 35 with the latest data. The index increased by 6 points compared to the previous day, indicating a gradual strengthening of interest in the altcoin market.
The Altcoin Season Index stands out as an indicator used to measure the performance of altcoins against Bitcoin in the crypto market. According to CoinMarketCap’s methodology, the index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization (excluding stablecoins and wrapped coins) against Bitcoin over the past 90 days.
According to this metric, an “altcoin season” is declared if 75% of the top 100 cryptocurrencies outperform Bitcoin during the 90-day period. An index score approaching 100 indicates that the market has entered an altcoin season, while lower values suggest that the “Bitcoin season,” where Bitcoin leads the market, continues.
While the index rising to 35 is seen as a signal of a relative recovery in altcoins, the current level is still well below the threshold needed for an altcoin season. Analysts emphasize that the increase in the index may indicate a limited revival in risk appetite in the short term, but a broader and more sustained upward wave is needed for an altcoin season.
*This is not investment advice.
