In accordance with Blockbeats, as of December 21, the Altcoin Season Index, according to CoinMarketCap data, is currently at 17. This is a significant drop from its peak of 78 on September 20, with the weekly average at 21. The index indicates that approximately 17 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin in the past 90 days. The CMC Altcoin Season Index is a real-time metric used to determine whether the current cryptocurrency market is dominated by altcoins. It is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.
Altcoin Season Index Remains Low at 17 as of December 21
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Summary
Altcoin market sentiment remains subdued as the Altcoin Season Index stands at 17 as of December 21, per CoinMarketCap data. This marks a sharp decline from its September 20 peak of 78, with the weekly average at 21. The index shows that roughly 17 of the top 100 altcoins by market cap have outperformed Bitcoin in the last 90 days. The CMC Altcoin Season Index tracks altcoin market dominance by comparing top 100 altcoins to Bitcoin’s performance. Recent altcoin analysis suggests continued underperformance amid a Bitcoin-driven market.
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