Shitcoin Season Index Drops to 38

BlockBeats News, August 6th, according to Coinmarketcap data, the Altcoin Season Index has dropped to 38 (down from 42 yesterday). This index indicates that out of the top 100 cryptocurrencies by market capitalization, around 38 projects have outperformed Bitcoin in price appreciation over the past 90 days.

Note: The CMC Altcoin Season Index is a real-time indicator designed to gauge whether the cryptocurrency market is currently 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.