Shitcoin Season Index Drops to 25

BlockBeats News, October 17th, according to Coinmarketcap data, the Altcoin Season Index has dropped to 25. Previously, on September 20th, it had briefly risen to 78, with a weekly average last week of 35 and a monthly average of 71. This index indicates that in the past 90 days, around 25 projects from 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 assess whether the current cryptocurrency market is in an altcoin-dominated season. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.