Altcoin Season Index Records 41… Up 9 Points Compared To Previous Day

Surged Altcoin Season Index (Source: CoinMarketCap)

According to the virtual asset information platform CoinMarketCap, the ‘Altcoin Season Index’ recorded 41, up 10 points from the previous day. This indicates that many altcoins among the top 100 coins (excluding stablecoins and wrapped coins) have shown strength compared to Bitcoin (BTC).

The Altcoin Season Index is calculated by comparing the 90-day price fluctuation rate of the top 100 coins to Bitcoin. If more than 75% of altcoins outperform Bitcoin’s growth rate, it is considered an altcoin season; conversely, it is interpreted as a Bitcoin season. The closer the index is to 100, the more pronounced the strength of altcoins is judged to be.

This rise is analyzed to be led by rebounds of major altcoins like Ethereum, and it is being accepted among investors as a recovery signal of the altcoin market. Experts predict that if the index surpasses 50, the likelihood of entering a full-fledged altcoin season increases.

Investors are focused on whether the altcoin market will continue to rise or enter a correction phase in the future.