Shitcoin Season Index Drops to 34

BlockBeats News, October 12, according to Coinmarketcap data, the Altcoin Season Index has dropped to 34. Previously, on September 20, it had temporarily risen to 78, with a weekly average last week of 59 and a monthly average last month of 68. This index shows that in the past 90 days, about 34 projects among the top 100 cryptocurrencies by market capitalization have outperformed Bitcoin in terms of price appreciation.

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. This index is based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.