Shitcoin Season Index Rises to 31 as Market Shows Significant Recovery

BlockBeats News, May 14th, according to Coinmarketcap data, the market has seen a significant rebound, with the Altcoin Season Index rising from a low of 13 to 31, gradually approaching the February average of 43 points.

The Altcoin Index hit a yearly high of 87 on December 4, 2024, with 31 tokens out of the top 100 cryptocurrencies by market cap outperforming Bitcoin in the past 90 days. The top-performing altcoins in the last 90 days are FORM, FARTCOIN, MKR, WIF, and BREET.