Shitcoin Season Index Drops to 29

BlockBeats News, October 16th, according to CoinMarketCap data, the Altcoin Season Index has dropped to 29. Previously, on September 20th, it peaked at 78, with a weekly average of 51 last week and a monthly average of 71. This index shows that in the past 90 days, about 29 projects among the top 100 cryptocurrencies by market cap have outperformed Bitcoin in terms of price.

Note: The CMC Cryptocurrency Altseason Index is a real-time indicator designed to gauge 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.