An analysis of the 100 best-performing assets in the cryptocurrency market over the past 90 days reveals that although some altcoins have made strong gains, the overall market trend has turned in favor of Bitcoin.
The Altcoin Season Index currently stands at 27/100, indicating that the market is in “Bitcoin Season.”
The Altcoin Season Index measures the performance of the top 100 altcoins compared to Bitcoin over the past 90 days. A reading above 75 indicates an “Altcoin Season,” while a reading below 25 indicates a “Bitcoin Season.”
According to current data, the Altcoin Season Index currently stands at 27. Last week, it was at 35. Last month, it rose to 71, pushing the limits of the altcoin season.
According to the latest data, some altcoin assets have significantly outperformed Bitcoin. Projects like MYX, ASTER, and M have particularly stood out, with gains of 3765%, 1236%, and 468%, respectively, over the past 90 days.
In contrast, Bitcoin fell by 9.69% during the same period. Major altcoins like GT (-9.06%), DEXE (-7.95%), and LINK (-7.90%) were also in negative territory.
While gold-backed tokens PAXG (+26%) and XAUt (+25.81%) stand out with their value gains, DeFi projects and decentralized exchange tokens generally show a more limited performance.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/altcoin-season-index-tumbles-here-are-the-latest-data-and-what-you-need-to-know/
