Shitcoin Season Index Rises to 27

BlockBeats News, May 23rd, according to Coinmarketcap data, the Altcoin Season Index is currently at 27. On May 17th, the index fell to 22. The index indicates that in the past 90 days, around 27 projects out of the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin.

Note: The CMC Cryptocurrency Altseason Index is a real-time indicator used to determine whether the current cryptocurrency market is in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.